All the data says the economy is "strong" while: 1. Starbucks stock, $SBUX, fell 20% after reporting a 6% drop in traffic 2. Doordash stock, $DASH, fell 15% after reporting a $21 million loss 3. Netflix stock, $NFLX, fell 10% after reporting a weaker outlook for Q3 2024 4. CVS Pharmacy stock, $CVS, fell 17% after net income fell by 50% 5. Etsy stock, $ETSY, fell 11% after reporting weak earnings due to the "macroeconomy" 6. EBay stock, $EBAY, fell 5% after reporting weaker guidance Is the economy really that strong? https://twitter.com/KobeissiLetter/status/1785841352955109881?t=3T0pIT3qREr8GJxygUvsoQ&s=19
I am looking forward to $AAPL earnings tomorrow. In my mind they are a good indicator of how consumers are doing. Kind of pricey gadgets. Many bought on credit.
Their sales in China tanked.
The unemployment data is completely bullshit as someone not eligible for unemployment and still looking is not included. Core cpi not including food and energy is bullshit.
Yes, it is very strong, literally too strong. A handful of businesses doing slightly less well isn't exactly a big deal. Don't confuse the stock market with the economy. The two are entirely different. Starbucks lowered guidance but made 750m in profit on 8.5b worth of coffee sales in 3 months. Not exactly a bad businesses lol
Guys please keep ordering, my RSUS are suffering REAL bad
pls keep ordering 🙏🙏
Ha ha ha, no ways, I'm making my own coffee and food
Stock market != economy
Doordash closed last quarter's net loss so that is actually an improvement
It is for the overlords. Not the average person