Between 2012 and 2021, the revenues of one obscure e-commerce company grew by over 91,100%. During the same period, Amazon's revenue grew by just 669%. This company is now relying on a rapidly growing e-commerce trend called "EoD" to go to the next level. It's spending billions to be at the forefront of "EoD". Google, Apple, and Microsoft are investing heavily, too.
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The Almanac said the Q1 chop in the market was forecasted. However, amid the Dow's December Low being breached, banking sector woes, government, and Wall Street fearmongering, as well as heightened geopolitical tensions with Russia and China they are adjusting their 2023 forecast and outlook back to our original base case scenario, which is still bullish – "Slightly below average pre-election year gains of 10-15%."
The company, which offers workstations, private offices and customized floors, had enjoyed a pandemic-driven shift to flexible work outside traditional offices, but is now gearing up for a potential fallout from a likely economic downturn.
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