Microsoft came out with an earnings warning this morning citing FX losses. The ADP report showed a gain of 128k jobs in May, much less than expected. But much worse than that were the losses in small businesses.
Small businesses crushed pic.twitter.com/IJoR04sQrZ
— zerohedge (@zerohedge) June 2, 2022
Futures had been +70 NASDAQs but are now red and we are looking like a CRASH THE OPEN type of day. All of this gloom might, perhaps, lead to some sort of twisted thinking rally. Nothing surprises me anymore. Sometimes bad news is good news and other times it’s good news. It all depends on the framing of it and how well CNBC markets it.
Nevertheless, if you’re only concerned with the actual fundamentals — this is all bad.
If you enjoy the content at iBankCoin, please follow us on Twitter
Except it isn’t,
Energy and ag still working, until it isn’t
Continued rotation into energy, from a shitpile
Increasing divy’s, decent yields,
And they are literally printing ?????
Ohh, btw, don’t forget ?. Bullish as F