All the data says the economy is "strong" while: 1. Starbuck...
All the data says the economy is "strong" while:
1. Starbucks stock, $Starbucks(SBUX.US$ , fell 20% after reporting a 6% drop in traffic
2. Uber stock, $Uber Technologies(UBER.US$ , fell 10% after reporting a net loss
3. Shopify stock, $Shopify(SHOP.US$ , fell 20% after issuing weak guidance
4. Netflix stock, $Netflix(NFLX.US$ , fell 10% after reporting a weaker outlook for Q3 2024
1. Starbucks stock, $Starbucks(SBUX.US$ , fell 20% after reporting a 6% drop in traffic
2. Uber stock, $Uber Technologies(UBER.US$ , fell 10% after reporting a net loss
3. Shopify stock, $Shopify(SHOP.US$ , fell 20% after issuing weak guidance
4. Netflix stock, $Netflix(NFLX.US$ , fell 10% after reporting a weaker outlook for Q3 2024
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151334511 : Data always trails most of the falls have been due to guidance on future earnings
Forever Learning : future guidance is always more important than financial report, buy stock is buy the company futures, see tesla bad finance report but good guidance, up a lot.
spx666 : No, the numbers don't contradict. The econ is driven by AI this time, which means an increase in productivity, which means no inflation and less jobs in the future, which means rate cuts, which means bull market or even a bubble. mark my words.