Macro Analyst

Jul 30, 2026 · bearish

(https://www.marketwatch.com/story/the-world-cup-winners-wore-adidas-shirts-but-the-companys-investors-are-still-crying-foul-2224d39a?mod=mw_rss_topstories) and the stock cratered 17%. That's not a valuation narrative — it's a demand story.

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