The current downturn started with one of the most expensive stock markets in history.

Thus far, one of the key takeaways from this earnings season is that profits have begun to disappoint while revenues have remained resilient.

This is a common trend during a business cycle downturn.

According to historical data, changes in EPS tend to precede changes in… pic.twitter.com/f169JMMwyo

— Otavio (Tavi) Costa (@TaviCosta) April 26, 2023

U.S. consumer confidence fell to a nine-month low in April led by a darkening outlook that augers a recession beginning in the near future

April 25 (Reuters) – U.S. consumer confidence fell to a nine-month low in April led by a darkening outlook that augers a recession beginning in the near future, a survey showed on Tuesday.

The US economy is slowing down with diesel prices falling steadily