| | Saturday, July 02, 2022
| Today's Top Mover
MONEYSCORE! You Grabbed 5 Recession Profits in 2 Days
Liz here - with the official end of our "Recession Countdown."
We won't know until closer to the end of the month whether we've actually seen two consecutive quarters of negative growth, but my hunch is that we did. (The Atlanta Fed, our bellwether, is predicting -1.0% for Q2).
After a bit of a slow start to the trading week, we finished up Wednesday with an official 1.6% of negative growth confirmed in Q1, and Thursday with the PCE price index showing that consumers are spending less and less because of inflation.
Oh, yeah, and we also closed out Thursday with the worst first 6 months of the year in markets since 1970.
For us, of course, that meant a whole batch of short gains in a row - you notched at least 5. Go here to gloat - and, as always, to read a Supremely Unhelpful Movie Review.
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