Week of April 24, 2023
Bed Bath & Beyond, an icon of the baby boomer/household formation generation, just declared bankruptcy. While some may lament the passing of this era, others will applaud US economic dynamism, the same dynamism that gave rise to entities like Costco, Amazon, and TJ Maxx that shot their arrows through the heart of Bed Bath & Beyond. It is just this dynamism that will propel future prosperity, notwithstanding the myriad challenges appearing on the threshold. Our Signals remain unchanged this week.
Bob Bilkie, CFA