Is weak consumption a trend turning point or a short-term fluctuation? Goldman Sachs believes that the weakness has temporary characteristics, and high-frequency data from top companies verifies consumer resilience: one ⃣ Wal Mart (WMT): recorded its best monthly performance in January, and continued its stable trend in February two ⃣ TJ Maxx： At the beginning of the quarter, it was affected by extreme weather disturbances, but as the trend of weather normalization improved three ⃣ HomeDepot： Same store sales in January were -1.4% (+8% in December), but attributed to calendar effects and weather factors In addition, there has been no expected deterioration in the job market, and the scale of DOGE layoffs has limited impact on the overall job market; Funds flow display institution begins to layout on the left side