r - 10 % 41 . Title 43.4 125 P the star 14 - 1 - 11 14.77 Ci . tupungato Summary I am neutral on Williams-Sonoma, Inc. (NYSE:WSM). My summarized thesis is that the underlying demand trend remained very uncertain, which I am leaning towards negative today given the 2Q24 performance and prevailing macro data. While I see merits to the positive narrative, I believe the market has embedded a lot of expectations in a near-term recovery given where the stock is trading today. If my concerns about the near-term pe ...