Target reported some bad earnings and everyone seems puzzled. I am not sure why. LOW and HD are supplying for home improvement and builders. There is still a huge backlog of homes being built. They did not stop mid construction when rates rose so it may take 6 months or so for the backlog will be finished and then we may see some weakness in these stocks. WMT has a much larger portion of their business allocated to groceries which are non-discretionary. No surprise that they outperformed TGT. TGT is very consumer discretionary. They sell less groceries than Walmart and rely more on apparel, and home furnishings and home goods etc. I'm not sure why everyone on TV is confused by this. Am I missing something?