/biz/ - Business & Finance

>>54898645
I think we are close to a bottom in terms of timing but not price. large cap tech is holding up the market and they will need to feel pressure for the market to buckle enough to reach a bottom.
looking at msft, goog, and aapl. i think msft and goog already fired a decent amount of workers for cost savings, and that is propping up their earnings in the short term. demand destruction hasn't hit them hard enough yet, but panic will settle in if two of the three report losses.

debt ceiling is a nothingburger, they will inflate like they always do imo