4 ms·
At least in the markets, the NASDAQ is down roughly 30% YTD.
by Leherenn 4y ago
At least in the markets, the NASDAQ is down roughly 30% YTD.
- pedrosorio 4y agoWhich is still 50% up from 3 years ago and 80% up from the "crash" of 2018
- thegeomaster 4y agoRight, but financial markets are forward-looking (or "leading economic indicators"). They don't encode the current state, they encode a consensus prediction for some time period in the future. In this case, the stock market is pricing in a sharp downturn in profits (and margins) over at least the next few quarters, and I don't believe it's even finished.