The Julia La Roche Show · Tuesday, July 14, 2026
Larry McDonald highlights that the bottom 65% of consumers are significantly impacted by sticky inflation, struggling to pass on costs for essential goods. He points to underperforming companies like Home Depot, Pepsi, and Costco as evidence of this consumer strain and market divergence.
“So the bottom 65% of consumers are really hammered here because of that sticky inflation. And it's only going to get worse with this divergence in the market, which I talked about.”
“If you look at Home Depot, um, dramatically underperforming the S&P. Look at last week, Pepsi and Costco. They're they're in trouble passing on the prices, right?”