Rounds of layoffs
Facebook already announced they will have another layoff. Smaller companies had their 2nd round of layoff, we should see FAANG having more layoffs. https://markets.businessinsider.com/news/stocks/big-short-michael-burry-sell-stock-market-outlook-inflation-recession-2023-2?op=1 #tech #facebook #google #amazon
Markets Insider
I’d short the S&P too. Nothing except the strength of consumer is in favor of equities. But it’s only a matter of time it starts dwindling down.
Consumer is 70%+ of gdp
“Nothing except the consumer” Lol what?
Bullish
It’s time for Tim Cook to cut fat and do needful. Too old tweet!
https://techcrunch.com/2023/02/13/meta-reportedly-planning-fresh-round-layoffs/
Meta hasn’t announced anything yet. Don’t write BS for blind points. You would fit perfectly in business insider as a journalist.
https://techcrunch.com/2023/02/13/meta-reportedly-planning-fresh-round-layoffs/
Again, meta hasn’t officially announced this. Difference between “meta is reported to do another layoff” vs “meta has confirmed another round of layoff”.
Burry is spot on , larry summers too!! Federal reserve blew it again. They allowed financial conditions to ease substantially in jan and feb.. as expected inflation is higher and it will be even higher in feb.. if u look at the report used car prices decline by 10%.. thats up by like 5% now..dont be surprised if the eventual fed rate is north of 6% .. They should have taken it to 8-10 % for 6 months middle of 2022 and then reduced it.. they blew it .. higher inflation and higher rates for a decade or more..
To see real changes in economy after rate hikes it takes more than 6 months.
I don’t see a significant number of layoffs happening post Feb. companies are already assuming the worst and the cheap loans are already gone. If you aren’t laid off by end of Feb just relax and breathe.
Spending is way too strong. Fuel price up, food prices up,used cars price up,housing going up again.. primary driver is 10 yr bond .yield and historically low unemployment . Even goods prices will be up soon.. read new supply chain issues( warehouse rates, employee cost). .. this is kind of 1970-1980 repeating .. High TC will more or less stay around and every other salaries will slowly climb up to higher levels in the next decade and asset prices will be stagnant for next decade.. in reality dollar value is going down substantially
Firs jerome powell
Reminds me of 2008, everything was going up until one day everything crashed.
When Burry was tweeting sell, he was asking idiots like you to sell so that he could buy https://www.zerohedge.com/markets/michael-burry-didnt-sell-here-are-all-big-shorts-holdings-and-new-stock-buys-dec-31
Hate his face