Electronics and semiconductor businesses scream recession
- Foxconn March sales -21% & guides lower on decreased demand
- Samsung profit -96%
- Apple's Mac shipments -40%
- TSMC sales -10.9% MoM & -15.5% YoY
- Foxconn March sales -21% & guides lower on decreased demand
- Samsung profit -96%
- Apple's Mac shipments -40%
- TSMC sales -10.9% MoM & -15.5% YoY
FOMC expects recession markets have been predicting all along. "...the staff's projection at the time of the March meeting included a mild recession starting later this year."
https://twitter.com/sinz_bitguide/status/1646238728858238977
https://twitter.com/sinz_bitguide/status/1646238728858238977
X (formerly Twitter)
Sinz 🗝️⚡ Bitguide on X
The Fed staff now considering a “mild recession” starting later this year “given their assessment of the potential economic effects of the recent banking-sector developments.” Fed officials said they saw risks to economic activity as weighted to the **downside**
Most of S&P’s return YTD has come from the top 20
https://twitter.com/sinz_bitguide/status/1648737905567727626
https://twitter.com/sinz_bitguide/status/1648737905567727626
Twitter
Stonk Pareto effect: the top 29% of market cap has delivered 92% of growth YTD. The rest has only returned 0.5%.
1- Why?
2- Is this sustainable?
1- Why?
2- Is this sustainable?
👍1
Lightspark a Bitcoin tech infrastructure company, founded in 2022, has unveiled a platform for Bitcoin's Lightning Network aimed at onboarding businesses to the network. Lightspark is led by former Paypal president and entrepreneur David Marcus, who co-created Diem, a Facebook cryptocurrency product.
👍1
Forwarded from Watcher Guru
JUST IN: 🇺🇸 Democratic congresswoman Lois Frankel sold First Republic $FRC stock and bought JPMorgan just before bank sale, CNN reports.
@WatcherGuru
@WatcherGuru