I just read on Bloomberg that after hours Snapchat caused a 30 point drop in the S&P futures. You can't make this shit up.
Better keep an eye on Go Daddy.
When the crowd gets trapped in the casino with no way out, we'll probably realize I'm too bullish. pic.twitter.com/0QSb29RmCi
— Mac10 (@SuburbanDrone) May 24, 2022
Since they said ad revenue was declining due to a slowing economy and megacaps like Google and Facebook rely on ad revenue. t.co/LEb52029J0
— RJR Capital (@RJRCapital) May 24, 2022
Snap -30% AH: Elon Musk rn: pic.twitter.com/iDE3nXDq5N
— Not Jerome Powell (@alifarhat79) May 23, 2022
For the first time since 2008, poor earnings are weighing on the stock market.
Retail is feeling inflation, tech companies are hurt by supply chain issues, and consumers are cutting costs.
On top of that, we are bracing for 8+ rate hikes.
The run to cash has officially begun.
— The Kobeissi Letter (@KobeissiLetter) May 24, 2022
‘I feel like I am reliving the summer of 2008.’ Strategist David Rosenberg sees bear market sinking the S&P-500 to 3,300
— Kerberos007 (@kerberos007) May 23, 2022
— zerohedge (@zerohedge) May 24, 2022