BTW, $TSLA EPS are going down by 27% this year, $AAPL has just had its fourth quarter of declining sales.
Does it really justify current valuations priced for perfection and exponential growth?
— Michael A. Arouet (@MichaelAArouet) November 3, 2023
Shiller PE still at Black tuesday levels pic.twitter.com/xSv3b2bUpS
— Canadian Prepper (@PrepperCanadian) November 4, 2023
Market Update:
1. FED pauses interest rate hikes.
2. S&P rallies +5.3% Best week in 2023
3. U.S. unemployment rate rises to 3.9% vs. 3.8%.
4. Canada enters a technical recession. GDP contracts -0.1% in Q3.
5. Apple beats on revenue and earnings.
6. U.S bankruptcies rose…
— Genevieve Roch-Decter, CFA (@GRDecter) November 3, 2023
The much more accurate and less manipulated Household survey shows employment collapsed by 348K, the biggest drop since the Covid shutdown.
It's almost certain the US is already in recession. pic.twitter.com/pR8x5JgiCI
— zerohedge (@zerohedge) November 3, 2023
October update of my favorite leading recession indicator. Is it really different this time? pic.twitter.com/YXrFIVc6c2
— Michael A. Arouet (@MichaelAArouet) November 3, 2023