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Consumer spending patterns have been one of the harder reads of the year.
Walmart is set to release fiscal second-quarter results before the bell on Thursday, a print that analysts expect will serve as a gauge on the consumer and the K-shaped economy.
The K-shaped framing is what gives Thursday's release its macro weight.
That term describes a divergence in which different income groups move through the same economic period at materially different speeds, with upper and lower-income households running on different footing.
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