bubbleberrygum
:
really? is it only abt sentiments currently? what caused the selloff though? I thought they were happy that it wasn't a 0.75% hike. what's causing this fear now? of recession?
Cow Moo-ney
OPbubbleberrygum
:
Investors are shifting their money to safe haven assets in this high interest + QT environment. Throw in ongoing war, supply chain issues, china lockdown, potential recession… Some investors are even keeping cash at the moment.
I feel confidence will restore only when Fed turns dovish or halt their interest hike. Anyway, these are just my personal views haha
Sianzsation
bubbleberrygum
:
Many companies reported earnings and guidance show economy is still strong. Majority of the companies are still profit making, however the ongoing impact of China is so evident, Nike Adidas Tesla any companies which depends on China are taking the hit. Apple too declare 80B lost
bubbleberrygum
Sianzsation
:
Thx for your reply. Was apples loss due to China’s lockdown? Didn’t see the reports on the loss. Just this week? Their decline started rapidly this week
Cow Moo-ney
OPbubbleberrygum
:
Apple is going down with the broader market. At this point, no single company is spared. Every company moves with the broader market regardless of the news surrounding the company
102242309 : good advice
Cow Moo-ney OP 102242309 :
Van888 : Nice
bubbleberrygum : really? is it only abt sentiments currently? what caused the selloff though? I thought they were happy that it wasn't a 0.75% hike. what's causing this fear now? of recession?
Cow Moo-ney OP bubbleberrygum : Investors are shifting their money to safe haven assets in this high interest + QT environment. Throw in ongoing war, supply chain issues, china lockdown, potential recession… Some investors are even keeping cash at the moment.
I feel confidence will restore only when Fed turns dovish or halt their interest hike. Anyway, these are just my personal views haha
blueberry89 : Then shorts need to cover lol . Burn
Sianzsation bubbleberrygum : Many companies reported earnings and guidance show economy is still strong. Majority of the companies are still profit making, however the ongoing impact of China is so evident, Nike Adidas Tesla any companies which depends on China are taking the hit. Apple too declare 80B lost
Cow Moo-ney OP Sianzsation : Yup the global supply chain issues are very real at the moment
bubbleberrygum Sianzsation : Thx for your reply. Was apples loss due to China’s lockdown? Didn’t see the reports on the loss. Just this week? Their decline started rapidly this week
Cow Moo-ney OP bubbleberrygum : Apple is going down with the broader market. At this point, no single company is spared. Every company moves with the broader market regardless of the news surrounding the company
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