Market Update – More Corporate Concerns

12:31 p.m. ET On a day that the market is already concerned with the inflationary effects on corporate profit margins (i.e.- Target -25.6% and Walmart -6.9%), as the S&P was near the $4k level Nikkei news reported that China’s top smartphone makers – Xiaomi, Vivo, and Oppo – have told suppliers to scale back orders…