Market going up because companies are firing and boosting profit.
This. Growth has really slowed. Margin gains are had by cutting. Get ready for more.
Whatever the reason, market is going up
Mass layoffs might be over, although belt tightening is still on. Most companies have been bitten by the empire building managers. Any sane company will only hire for specific needs instead of blank cheques. Not just that, interest rates are very high so money isn’t free anymore.
Keep in mind recession hasn’t happened yet and economy is still strong when economy starts slowing down we will see Ad revenue and IT spending start taking a hit. Which will for certain affect tech companies but not much as other sectors (one of reasons they are rallying). This is will trigger more layoffs.
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Nope, I think we are in 2006-2007 phase where everything was up before going to 💩
This
The 💩 was 2022