AN UNPRECEDENTED WARNING STOKES FEARS OF A RECESSION
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Unprecedented Warning
Please click here for a chart of Nasdaq 100 ETF (QQQ).
Note the following:
- One of the first signs that a recession may be coming is that companies start cutting advertising.
- SNAP is not an important company for the big picture in the stock market, but its unprecedented warning is stoking recession fears.
- SNAP derives its revenues from advertising.
- SNAP issued its prior guidance on April 21, 2022.
- Only a month later, SNAP is warning of a rapid deterioration in the macroeconomic environment.
May 24, 2022