Let's check in on regional banks, shall we?

You're listening to Motley Fool Money.

I'm Ricky Malki, joined today by Asad Sharma Asad.

Good to see you.

Ricky, good to see you.

Let's dive into Home Depot earnings.

The Home Depot reported this morning on their second quarter.

They beat sales and earnings expectations.

Those sales dropped 2% from the prior year.

Looks like they had some pressure from a drop in spending on those big ticket purchases.

We'll also note a drop in lumber prices.

I mean, this shouldn't be a surprise for the Home Depot shareholders,

as this is a cyclical business.

And a lot of people bought washing machines is the pandemic trailed off.

Totally, Ricky.

People have spent the big portions of their sort of free income during COVID.

Now we're coming back into a situation where there's still some money on the table for consumers.

But those big ticket items are behind people for the most part.

Of course, things always break down.

So there's always going to be a component of replacement there.

The other thing you've mentioned, though, you know,

lumber prices, I think we forget how much they soared during the 2021 period.

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