Monthly Archives - May 2022

Snap dives 28% pulling ASX tech giants lower on rising inflation

24 May 2022 - Snap’s share price dived over 28% after an earnings miss, warning investors of a hiring slowdown with the Nasdaq futures falling 1.3% as investors fret about tech giant’s reliance on internet advertising. The news pulled Facebook-owner Meta Platforms and Google-owner Alphabet down 7 and almost 4% respectively.

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Is this just a bear market or are we headed towards recession?

23 May 2022 - With S&P500 touching official ‘bear market’ territory on Friday night, leading market experts are now starting to highlight the risk of a US recession in 2023. If that’s the case the market can expect further downside if history is any indicator. As it stands US indexes are all posting 7 week losing streaks, with the DOW posting its first 8 week losing streak since 1923.

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