The US is in a recession. The Fed is not helping as they are driving consumer confidence and therefore spending into the ground. Its a Fed-induced recession. Regardless, the markets needed this correction. Its healthy and if you have money this is the time to make a lot of money over the next decade.
Tech stocks and "Generals" have now been shot. Apple is down 25%. Google, Amazon, Microsoft all down over 25%.
Consumer defensive: Target, Costco, Walmart, Koels, all down!
Netflix is making major strategic adjustments. About time!
Tesla/Twitter....so much going on.
I play some clips of Elon talking about (1) why he's buying Twitter. Surprise, it all sounds reasonable and rational. and (2) why Tesla is like 10 startups in one company.
Have a great weekend!
