Some may think bad news is baked in, but I am inclined to think it gets worse before it gets better.

Some may think bad news is baked in, but I am inclined to think it gets worse before it gets better. pic.twitter.com/jQggja1eXo

— Markets & Mayhem (@Mayhem4Markets) July 21, 2022

Based on Philly Fed new orders indexes (current and future), avoiding recession would be unprecedented. pic.twitter.com/aczBYxPBZX

— Willie Delwiche, CMT, CFA (@WillieDelwiche) July 21, 2022

(Bloomberg) — Microsoft Corp. is eliminating many open job listings, including in its Azure cloud business and its security software unit, as the economy continues to weaken.

(h/t @garcapital) @business $MSFT pic.twitter.com/nWC7QgRDxr

— Nicholas Brown (@NicholasABrown_) July 20, 2022

While everyone's watching $SNAP implode again, the negative cash flow lending specialists at $SIVB just missed big and jacked up provisions pic.twitter.com/T1rPbmM5I6

— The Friendly Bear (@FriendlyBearSA) July 21, 2022

@KeithMcCullough The best design for the current moment. pic.twitter.com/jpeFfCbNIK

— Sérgio Miguel Vieira (@SMiguelVieira) July 21, 2022

$SNAP… a subtle reminder that we're still in a bear market. Stocks are guilty until proven innocent. pic.twitter.com/BJHQxWQQoU

— Traderstewie (@traderstewie) July 21, 2022

From Q1 Tesla earnings in late April the market was lower the following three weeks through FOMC.

Not a prediction. Just a fact.

Red arrows show previous overbought levels for the Nasdaq. pic.twitter.com/mWbIUEqdtj

— Mac10 (@SuburbanDrone) July 21, 2022