$TGT (-8.4% pre-mkt) 2nd guidance cut in 3 weeks after slashing prices on excess inventory will put pressure on all consumer and retail names. Deflationary. SPX -0.9%, NDX -1.1% pre-mkt. $WMT -3.5%, $COST -3.3%, $AMZN -2.1%, $TSLA -1.8% to $702 pre-mkt.

— Gary Black (@garyblack00) June 7, 2022