S&P 500 Buybacks Plunge 21.8% in Q2 as Financials Pull Back Sharply

Adam Crisafulli of Vital Knowledge on Market Rally: 'If the market wants to have a 'could have been worse' rally, so be it, but it won't last long, winter is still coming'

Analyst Adam Cr of Vital Knowledge comments "How bears view the Fed anyone who tries to spin this announcement as bullish is nuts. The Fed has jacked up rates 300bp already this year and it will do another 125bp before 12/31 (75bp on 11/2 and 50bp on 12/14) coupled with ~50bp in 2023 while... More

Wells Fargo Puts Fed Funds Peak at 4-4.25 Percent, 'We expected a downshift to 50 bps at the November FOMC'

Wells Fargo Chief Economist Jay Bryson comments "At the start of the year, the Federal Reserve was still easing monetary policy via purchases of Treasury securities and mortgage-backed securities. Just nine months later, the median FOMC participant expects the federal funds rate to finish the year 4.4%, a rate not... More

Meta Platforms (META) Looks to Reduce Costs By At Least 10% Via Reorganization - WSJ

The Wall Street Journal reported Wednesday that Meta Platforms (NASDAQ: META) has been discussing cost cuts, hiring freezes and "ruthless prioritization" as it aims to tackle stalling growth.

However, the company has not discussed layoffs, the WSJ stated.

Nonetheless, citing former managers familiar with the matter, the technology giant is said to have begun quietly nudging out a substantial number of... More

Apple (AAPL) To Move Nearly 25% of Supply Chain Outside of China, 25% of iPhones Could Be Produced in India - JPMorgan

Apple (NASDAQ: AAPL) To Move Nearly 25% of Supply Chain Outside of China, 25% of iPhones Could Be Produced in India - JPMorgan

Analyst Gokul Hariharan comments "We are seeing more aggressive plans for production relocation and forecast that ~25% of Apple products will be manufactured outside China by 2025 (compared to... More

Nouriel Roubini, "Dr. Doom," Expects a Severe, Long and Ugly Recession - Bloomberg

Nouriel Roubini, an economist who predicted the 2008 financial crash, said he believes there is a "long and ugly" recession occurring in both the US and globally at the end of 2022, which could potentially continue through the whole of 2023.

In an interview reported by Bloomberg, Roubini said it could cause a sharp correction in the S&P 500 by 30%, "even in a... More