From the Wall Street Journal’s "Stock Futures Inch Up on Earnings Reports" posted early Wednesday:
U.S. stock futures edged up on the back of earnings reports that were interpreted by investors as positive signals about the economy...
Stocks have swung in recent days, buffeted by earnings season which has been scrutinized for signs about how the highest inflation in more than four decades and slowing economic growth are affecting companies. Recent reports from companies such as Goldman Sachs and Citigroup came in above Wall Street’s expectations, even though both banks reported declines in profit.
“Earnings have been supportive of the narrative that growth isn’t falling off a cliff,” said Fahad Kamal, chief investment officer at Kleinwort Hambros. “It doesn’t necessarily look like a recession is coming.”
Charts: Yahoo!Finance sees a bullish slow-stochastic pattern. Max pain stays at $145 with a call mountain at $155.
From last night’s BBC article ‘Netflix loses almost a million subscribers’ by Natalie Sherman & James Clayton :
“ The company also faces fierce competition from the likes of Apple TV, … “
As I’m sure you know, Netflix is partnering with Microsoft to help launch a new ad-based tier. Read “get access to user info and sell it on” and you’re closer to the mark.
Wouldn’t touch it with a 10’ pole.
What caused that?.
AAP can clearly be impacted by macro events. Quick turns in either direction are the norm these days.
https://stocks.apple.com/Ax2mW1zy7RkqsprvWvjlyvg
Bloomberg had a report that iPhone shipments surged in China in June. Could bode well for the quarter.
With oil and gas prices dropping, I agree.
But how much is that priced into the stock market? And what happens to stock prices if it doesn’t happen?
If I were a Fed Board member, I’d consider pulling my next punch a tad….
Please show support for this contention. Thanks!
From Forbes.com:
“A recession is a significant decline in economic activity that lasts for months or even years. Experts declare a recession when a nation’s economy experiences negative gross domestic product (GDP), rising levels of unemployment, falling retail sales, and contracting measures of income and manufacturing for an extended period of time.”
Thank you for responding.
Barely negative. In fact, a better term is flat. Definitely not enough to call this a recession, especially looking at what we’re digging ourselves out of.