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“Focusing on housing. So housing metrics are decelerating much quicker than your comps or your comp stacks. Is this just a lag effect? I don’t know if this lag is longer than other lags or…”

Ok, let’s stop there.

Those were part of the remarks of one sharp analyst on the call with Home Depot (HD) yesterday: the $319bn-market-cap company insists, home equity values and other risks are under control.

Its stock is still down 23% for the year, trying to consolidate the ...

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