The Nasdaq index is 20+% down YTD. Netflix 70% down Meta 40% Small cap tech 50+% down Interest rates will continue raising at least in the short term and a recession seems eminent. What do you think is the forecast short term and long term? Will the tech industry contract, will salaries go down? Will companies lay off developers? How software engineer position behave in a recession? #finance #investing #recession #tech #swe
Market prediction: it will fluctuate. The market does not reflect economic growth, only growth and growth expectations relative to prior expectations. People are lowering their expectations of growth, responding to inflation and the fed pumping the brakes. Economic prediction: fundamentals are strong, fed will try to pump the breaks and not slam the breaks. I am not too worried but ready for anything!
Do you trust the FEDs?
You mean the federal reserve? I mean they are not magic, they have one lever and they can pull it gently or yank it.
It's going to get very ugly. Stocks on avg probably half way done, layoffs and freezes just starting. VC/PE money will reduce significantly. All but biggest cryptos will get smashed. Won't be as bad as 2000-03 but it won't be fun for a couple years.
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