Eventually retail will stop buying the dips and just give up…

Eventually retail will stop buying the dips and just give up.

— Financelot (@FinanceLancelot) January 4, 2023

People actually gamble more when they're desperate and in a recession. That's why casino business, lottery tickets and alcohol sales go up.

— Financelot (@FinanceLancelot) January 4, 2023

FOMC Minutes: Officials Agreed Rate Cuts Shouldn't Happen in 2023

— unusual_whales (@unusual_whales) January 4, 2023

Fed minutes summary

“Don’t f**k around with us by pushing ARKK, sh*tcoins and Nasdaq to the moon or we will have to hike to 8%”

— Alf (@MacroAlf) January 4, 2023

https://twitter.com/WallStreetSilv/status/1610687965600124935

Baltic Index Crashes Most On Record As Recession Alarm Flashes

The Baltic Exchange’s dry bulk sea freight index crashed on Tuesday in the worst decline on record, sinking on prospects of a global recession.

Baltic Dry Good Index is a measure of global shipping and economic health. The overall index, which tracks rates for capesize, panamax, and supramax shipping vessels carrying dry bulk commodities, plunged 17.5% to $1,250, the most significant daily decline since 1984.

ISM just settled the recession debate. Of the 18 industries, down to just 2 reporting any growth and up to 13 in contraction. We last saw a gap like this in April 2020.

— David Rosenberg (@EconguyRosie) January 4, 2023

Former Federal Reserve Chair Alan Greenspan said a US recession is the “most likely outcome," per Bloomberg,

— unusual_whales (@unusual_whales) January 4, 2023

JUST IN: Amazon, $AMZN, now expected to lay off more than 17,000 employees.

Two months ago, Amazon announced that they would be laying off 10,000 employees.

— The Kobeissi Letter (@KobeissiLetter) January 4, 2023