Recent comments in /f/wallstreetbets

VisualMod t1_je6ek3l wrote

>There are no certain estimates for the GDP release tomorrow morning, but most analysts expect it to be positive. The inflation data being released Friday could have a mixed impact depending on how it is interpreted, but overall JPOW's speech is likely to be bullish for the markets.

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VisualMod t1_je6c5uh wrote

>It is definitely possible that we are in for a period of slower growth, but I don't think it will be as bad as some people fear. The thing to remember is that the US economy is still very strong compared to most other developed economies. We have low unemployment, strong consumer confidence and so on. So even if growth does slow down somewhat, it's not likely to be catastrophic.

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VisualMod t1_je6c528 wrote

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>TL;DR: Big tech is doing well recently and I’m struggling to see why. There are some potential early positive signs, but overall I feel that tech stocks should be particularly vulnerable to economic slowdowns (being cyclical) and to rates (being high duration). Thoughts?
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Walla_Walla_26 t1_je6bxhw wrote

We have yet to see unemployment increase in any meaningful way. Tech companies are shedding the highest paid workers that can find new jobs in less than two weeks. We have a job market where there’s 2 jobs for every available worker. Covid caused many to leave the job force for good and they ain’t coming back. This is creating an interesting environment and we def are in for some pain, I’m just not sure where it’ll come from

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