Has the recent market rally got you in a bullish mood? Not to burst your bubble, but you might want to turn down the expectations. Thanks two a two-month 17% rally between June 16 to August 16, the S&P 500 is only down 13% for 2022 — recovering from its 18% loss in June. Manifesting…
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What’s falling in 2022? Nearly everything
2020: Everything goes up. 2022: Everything goes down. …Except for commodities or big-dividend stocks. What’s the big deal? In recent weeks, companies that reported worse-than-expected earnings were met with cratering stock prices: Upstart (NASDAQ:UPST) — the AI lending platform — fell 56% after reducing its full-year sales outlook from $1.4B to $1.25B (an 11% reduction)….
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How can a strong job market lead to a recession?
Last Friday, April’s US jobs report showed a strong jobs market — with 428,000 net new jobs and a low 3.6% unemployment rate. A healthy job market is good — except when it’s too hot. The jobs situation: Despite the economy reopening, vaccine availability and unemployment benefits ending, businesses are still struggling to hire. A…
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