by BoatSurfer600
Tech stocks aren't struggling because of macro.
The bond/tech stock narrative was invented to get you to buy them.
Tech stocks are falling because they are in a bubble. https://t.co/MZgDvasbtD
— Mr. Deplorable (@Ponzi1945) July 12, 2022
Google plans to slow hiring for the remainder of the year in the face of a potential recession. CEO Pichai: “Moving forward, we need to be more entrepreneurial, working with greater urgency, sharper focus, and more hunger than we’ve shown on sunnier days.” https://t.co/CvhXCKPkDm
— Lisa Abramowicz (@lisaabramowicz1) July 12, 2022
Too many pundits are solely focused on interest rates.
What they should be thinking about is what happens when the Fed rolls off $95b of bonds every month into the worst bond market in history. pic.twitter.com/eaUeM5BrHb
— Mac10 (@SuburbanDrone) July 12, 2022
US small business sentiment hit the lowest since 2013 meanwhile inflation expectations a new high in June
75BPS hike is coming pic.twitter.com/Jbr9yzbTwC
— Alessio (@AlessioTMAD) July 12, 2022
3m t-bills yield is skyrocketing 2.1%
this yield influences the bankrate for loans as credit cards etc pic.twitter.com/2yUw3n3l8H
— Alessio (@AlessioTMAD) July 12, 2022
ICYMI: homebuyer cancellations are surging. Just another sign that the housing market is slowing meaningfully as mortgage rates skyrocketed higher. We're also seeing inventory building in many regions. Chances are we've seen 'peak housing prices' this cycle and it's downhill now. pic.twitter.com/qds3ITcQlD
— Markets & Mayhem (@Mayhem4Markets) July 12, 2022
This is insane. Consumers in Ontario are nearly as pessimistic as in the early days of COVID when we had a novel pathogen locking down the world and we all thought we might die. Might be worth noting that Ontario accounts for 40% of Cdn retail sales. Data per Bloomberg/Nanos. pic.twitter.com/FSkY89tmXx
— Ben Rabidoux (@BenRabidoux) July 12, 2022