In this episode Scott Becker discusses:
- The big news yesterday was the markets dropping significantly on signs of continued inflation and in turn the perception the Fed will stay aggressive in raising rates.
- The Nasdaq dropped 1.8%, the Dow 1.3%, and the S&P 500 1.4%.
- The labor market remains tight. Thank goodness given the extent of debt consumers are taking on.
- Consumer spending remains strong but it’s being propelled by consumer debt.
- Futures point down today.
- DocuSign announces layoffs.
- Lenovo sees sales drop nearly 25% as personal computer sales slow.
- DoorDash sales rose greatly last year and last quarter as a whole generation of Americans becomes lazier and relies more on delivery.
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