Just remember that cyclicals stocks get slaughtered by higher rates and defensive stocks still perform well.. for example: Pepsi is still forecasting higher revenue.. bulls will keep saying the economy is doing okay, we’ve not reached fear like fintwit says “everyone is bearish”
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) October 13, 2022
Global household wealth is on track to shrink by more than 2% this year, the first significant contraction since the financial crisis of 2008, according to Allianz. pic.twitter.com/uWJthFS6HO
— Ayesha Tariq, CFA (@ayeshatariq) October 12, 2022
This is similar to 2008.. bulls were still optimistic about the economy because staples were doing well. Huge red flag but dumb money doesn’t see it
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) October 13, 2022
Global household wealth is on track to shrink by more than 2% this year, the first significant contraction since the financial crisis of 2008, according to Allianz. pic.twitter.com/uWJthFS6HO
— Ayesha Tariq, CFA (@ayeshatariq) October 12, 2022
Growth expectations (I mean stocks) just fell back to where they were two years ago. Market still believes in the inflation story (expectations of higher inflation) but that won't last much longer. Consumer spending crash is coming.
— Steven Van Metre 👑 (@MetreSteven) October 13, 2022