Wall Street company earnings are crashing as consumer spending is declining in America.
People simply aren't buying as much - leading to declining profits for big Wall Street companies...
Which is going to mean a lot of layoffs as the recession unravels in 2023.
To make matters worse, the stock market is in a massive bubble, with prices registering at the fifth-highest level of all time, far above the historical long-term norms.
Stock prices could fall by as much as 40% if the recession has something to say about it.
---
REVENTURE APP: https://www.beta.reventure.app/dashboard
#wallstreet #reventureconsulting #businessnews #sp500 #stockmarketnews #recession
People simply aren't buying as much - leading to declining profits for big Wall Street companies...
Which is going to mean a lot of layoffs as the recession unravels in 2023.
To make matters worse, the stock market is in a massive bubble, with prices registering at the fifth-highest level of all time, far above the historical long-term norms.
Stock prices could fall by as much as 40% if the recession has something to say about it.
---
REVENTURE APP: https://www.beta.reventure.app/dashboard
#wallstreet #reventureconsulting #businessnews #sp500 #stockmarketnews #recession
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