07-29-2022, 06:49 AM
Average earnings for the S&P 500 are still expected to be up 10% in the 3rd quarter of 2022. The stock market is still up with some exceptions for tech stocks such as Netflix (NFLX).
Normally in recessions, what happens is corporate earnings go negative, the stock market crashes, then there are layoffs, with the lagging indicator being GDP growth.
This recession looks like the housing market is taking a big hit with the higher interest rates.
https://www.axios.com/2022/07/28/housing...rates-jump
Normally in recessions, what happens is corporate earnings go negative, the stock market crashes, then there are layoffs, with the lagging indicator being GDP growth.
This recession looks like the housing market is taking a big hit with the higher interest rates.
https://www.axios.com/2022/07/28/housing...rates-jump
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Course Experience: CLEP, Instantcert, Sophia.org, Study.com, Straighterline.com, Onlinedegree.org, Saylor.org, Csmlearn.com, and TEL Learning.
Certifications: W3Schools PHP, Google IT Support, Google Digital Marketing, Google Project Management
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