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…stocks are flirting with “bear” territory, but what about the economy?
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Money printer stopped going “brrr” (Matthias Kulka/The Image Bank via Getty Images)
</p>
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<div style="font-family:'Capsule Sans Text', Arial;font-size:13px;line-height:1;text-align:center;color:#000000;">
Last Week’s Market Moves
</div>
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<tr>
<td>
<span class="text" style="font-family: 'Capsule Sans Text', Arial; font-size: 13px; line-height: 22px; padding: 0;">
Dow Jones
<br/>
<span style="font-weight: 700;">
33,213
<span style="color: rgb(0, 200, 5);">
(+6.24%)
</span>
</span>
</span>
</td>
<td>
<span class="text" style="font-family: 'Capsule Sans Text', Arial; font-size: 13px; line-height: 22px; padding: 0;">
S&P 500
<br/>
<span style="font-weight: 700;">
4,158
<span style="color: rgb(0, 200, 5);">
(+6.58%)
</span>
</span>
</span>
</td>
<td>
<span class="text" style="font-family: 'Capsule Sans Text', Arial; font-size: 13px; line-height: 22px; padding: 0;">
Nasdaq
<br/>
<span style="font-weight: 700;">
12,131
<span style="color: rgb(0, 200, 5);">
(+6.84%)
</span>
</span>
</span>
</td>
<td>
<span class="text" style="font-family: 'Capsule Sans Text', Arial; font-size: 13px; line-height: 22px; padding: 0;">
Bitcoin
<br/>
<span style="font-weight: 700;">
$28,808
<span style="color: rgb(255, 80, 0);">
(-1.14%)
</span>
</span>
</span>
</td>
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<td>
<span class="text" style="font-family: 'Capsule Sans Text', Arial; font-size: 13px; line-height: 22px; padding: 0;">
Dow Jones
<br/>
<span style="font-weight: 700;">
33,213
<span style="color: rgb(0, 200, 5);">
(+6.24%)
</span>
</span>
</span>
</td>
<td>
<span class="text" style="font-family: 'Capsule Sans Text', Arial; font-size: 13px; line-height: 22px; padding: 0;">
S&P 500
<br/>
<span style="font-weight: 700;">
4,158
<span style="color: rgb(0, 200, 5);">
(+6.58%)
</span>
</span>
</span>
</td>
</tr>
<tr>
<td>
<span class="text" style="font-family: 'Capsule Sans Text', Arial; font-size: 13px; line-height: 22px; padding: 0;">
Nasdaq
<br/>
<span style="font-weight: 700;">
12,131
<span style="color: rgb(0, 200, 5);">
(+6.84%)
</span>
</span>
</span>
</td>
<td>
<span class="text" style="font-family: 'Capsule Sans Text', Arial; font-size: 13px; line-height: 22px; padding: 0;">
Bitcoin
<br/>
<span style="font-weight: 700;">
$28,808
<span style="color: rgb(255, 80, 0);">
(-1.14%)
</span>
</span>
</span>
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<p>
<strong>
Hey Snackers,
</strong>
</p>
<p>
Because hands aren’t enough, four engineering students have invented gluten-free
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
edible tape
</a>
to prevent your burrito from falling apart. Someone call
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Chipotle
</a>
</strong>
.
</p>
<p>
Stocks continued their roller-coaster moves last week, notching a major rebound after a big red plunge the week before. All three of the major market indexes gained over 6%,
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
snapping
</a>
their weeks-long losing streaks (seven weeks for the S&P 500 and Nasdaq,
<em>
eight
</em>
for the Dow).
</p>
<p>
<strong>
Pride Month
</strong>
kicks off tomorrow. The month, chosen to
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
commemorate
</a>
the June 1969
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Stonewall Uprising
</a>
in NYC, is dedicated to celebrating and pushing for LGBTQ+ rights.
</p>
</div>
</td>
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<td align="left" style="font-size:0px;padding:0;word-break:break-word;">
<div style="font-family:'Capsule Sans Text', Arial;font-size:15px;font-weight:400;letter-spacing:-0.1px;line-height:24px;text-align:left;color:#000000;">
<strong>
Btw...
</strong>
Do you want to start getting Snacks daily? Or prefer to unsubscribe? Manage your subscription preferences
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
here
</a>
.
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Bears
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<div style="font-family:'Nib Pro', Arial;font-size:24px;font-weight:600;line-height:32px;text-align:left;color:#000000;">
<p>
As volatile stocks flirt with bear territory, investors wonder if the US economy is in recession territory — and how long it’ll last
</p>
</div>
</td>
</tr>
<tr>
<td align="left" style="font-size:0px;padding:0;word-break:break-word;">
<div style="font-family:'Capsule Sans Text', Arial;font-size:15px;font-weight:400;letter-spacing:-0.1px;line-height:24px;text-align:left;color:#000000;">
<p>
<strong>
Moodier than a 13-year-old...
</strong>
the stock market right now. The S&P 500 went from flirting with a
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
bear market
</a>
(down nearly 20% from its record) to closing the week up 7%. After the plunge of March 2020 (FYI: the shortest bear market ever) stocks went full bull: the S&P doubled in value between March 2020 and January 2022.
<em>
Then the plunge began.
</em>
</p>
<ul style="padding-left: 18px;">
<li style="margin-bottom: 12px;">
<strong>
Bad-news bear:
</strong>
The S&P is down 13% this year, while the techy Nasdaq is in a bear market, down 23%. Historically,
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
most
</a>
S&P bear markets were accompanied by recessions.
</li>
<li style="margin-bottom: 12px;">
<strong>
Driving it:
</strong>
Stubborn inflation and rising interest rates are leading to slower econ and earnings growth. Russia's war on Ukraine and China's Covid policy compound the situation.
</li>
<li style="margin-bottom: 12px;">
<strong>
But:
</strong>
Stocks rebounded after some strong retail earnings and
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
consumer-spending
</a>
data, plus less-aggro-than-feared rate-hike indications from the Fed.
</li>
</ul>
<p>
<strong>
The market ≠ the economy...
</strong>
yet the economy affects the market. Company valuations are tied to growth expectations. Those have fallen, both for companies and the economy. After lockdowns began, trillions in gov’t stimulus $$ boosted spending and record-low interest rates made borrowing cheaper. Now:
</p>
<ul style="padding-left: 18px;">
<li style="margin-bottom: 12px;">
<strong>
Stimmy withdrawal:
</strong>
The artificial demand boost is gone. High rates are making earnings expectations get “corrected” down. Many companies are
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
reporting
</a>
lower (but still relatively high) forecasts as inflation hits demand and profits.
</li>
<li style="margin-bottom: 12px;">
<strong>
Negativity intensifies:
</strong>
GDP
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
shrank
</a>
last quarter, and while the labor market is very strong, we’re seeing more layoffs and cost-cutting as corporate growth slows. The probability of a recession appears to be growing, while economic confidence is
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
sagging
</a>
.
</li>
</ul>
</div>
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<div style="font-family:'Capsule Sans Text', Arial;font-size:15px;font-weight:700;letter-spacing:0.5px;line-height:0;text-align:left;color:#000000;">
<table>
<tbody>
<tr>
<td style="padding: 0 8px 0 0; height: 17px;">
<img height="17px" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.robinhood.com%252Fmarketsnacks_assets%252Fv2%252Ftakeaway-black.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4ucm9iaW5obyJ9:1nw12g:l5ym_Vr5kDYSN1yBz7DDU_0J58xMrXFE8tijsGVflYs" width="17px"/>
</td>
<td style="font-weight: 700; width: 100%; padding: 0; height: 17px; line-height: 0; padding-top: 1px;">
THE TAKEAWAY
</td>
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</td>
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<td align="left" style="font-size:0px;padding:0;word-break:break-word;">
<div style="font-family:'Capsule Sans Text', Arial;font-size:15px;font-weight:400;letter-spacing:-0.1px;line-height:24px;text-align:left;color:#000000;">
<p>
<strong>
Recessions are hard to predict…
</strong>
even as they’re happening. The big Q is how severe the slowdown will be. That largely depends on whether the Fed can tame inflation without slamming the brakes on growth (raising rates too aggressively). On the plus side, there are signs inflation could be
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
peaking
</a>
. How long it’ll take to return to “normal” is another question.
</p>
</div>
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</p>
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<div style="font-family: 'Capsule Sans Text', Arial; font-weight: 700; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; padding: 6px 19px; border-radius: 30px; border: 0; background-color:rgb(195, 245, 60); display: inline-block;">
Zoom Out
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<div style="font-family:'Nib Pro', Arial;font-size:24px;font-weight:600;line-height:32px;text-align:left;color:#000000;">
<p>
Stories we’re watching...
</p>
</div>
</td>
</tr>
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<td align="left" style="font-size:0px;padding:0;word-break:break-word;">
<div style="font-family:'Capsule Sans Text', Arial;font-size:15px;font-weight:400;letter-spacing:-0.1px;line-height:24px;text-align:left;color:#000000;">
<p>
<strong>
$7 of gas to commute…
</strong>
and tack on a $17 salad to the “return to work” bill. Restaurant food prices are up 7% from last year, but go-tos like Chipotle and
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Starbucks
</a>
</strong>
saw strong sales last quarter as Americans proved willing to splurge. Sack lunches aren’t much better: prices on staples from eggs to Cheerios have soared, driving revenue for grocers like
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Kroger
</a>
</strong>
and
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Costco
</a>
</strong>
. Yet consumers may be growing resistant: grocery leader
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Walmart
</a>
</strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
said
</a>
some are switching from gallons of milk to half-gallons and trading name brands for cheaper private labels.
</p>
<p>
<strong>
Sunny with a chance of blackouts…
</strong>
Summer forecast: hot and unstable. Fuel shortages, supply snags, and the climate crisis could prevent the US power grid from squeezing out enough juice during an
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
extra-hot
</a>
summer. Much of the country could be in for rolling
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
blackouts
</a>
. Think: brief power outages that make it hard to work
<em>
and
</em>
kill the A/C. Blackouts might also hit Asia, Africa, and Europe, hurting people and productivity. India’s economy may
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
lose
</a>
$100B this year from lost output during outages.
</p>
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</p>
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Events
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<div style="font-family:'Nib Pro', Arial;font-size:24px;font-weight:600;line-height:32px;text-align:left;color:#000000;">
<p>
Coming up this week...
</p>
</div>
</td>
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<td align="left" style="font-size:0px;padding:0;word-break:break-word;">
<div style="font-family:'Capsule Sans Text', Arial;font-size:15px;font-weight:400;letter-spacing:-0.1px;line-height:24px;text-align:left;color:#000000;">
<p>
<strong>
Slam-dunk szn…
</strong>
is coming to a head this week as the Boston Celtics prepare to face the Golden State Warriors in the NBA Finals. The second-most-watched US sports league sold out 59 consecutive games last month, rebounding after the number of paid fans at arenas had dropped 7% during the regular season. Postseason viewership is up 14% from last year — even without LeBron. That’s promising for the league’s bottom line: the NBA wants
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
$75B
</a>
(triple the current deal amount) from
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Disney
</a>
</strong>
(ABC, ESPN) and
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
WarnerBrosDisco
</a>
</strong>
(Turner) to renew media rights in 2025.
</p>
<p>
<strong>
It’s wine o’clock somewhere…
</strong>
Booze sales at restaurants have surpassed pre-pandemic levels, as
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Netflix
</a>
</strong>
-and-sip loses favor to neighborhood happy hour. It doesn’t mean people aren’t uncorking at home: online and D2C alcohol sales have maintained their lockdown-era gains. Last quarter, winemaker
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Duckhorn
</a>
</strong>
saw sales
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
jump
</a>
18% as consumers bought budget bottles in stores
<em>
and
</em>
winery visitors spent twice as much as last year. We’ll see if the good times are still flowing despite inflated costs when Duckhorn reports Thursday.
</p>
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</p>
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<div style="font-family: 'Capsule Sans Text', Arial; font-weight: 700; letter-spacing: 0.03em; text-transform: uppercase; color: #000000; padding: 6px 19px; border-radius: 30px; border: 0; background-color:rgb(195, 245, 60); display: inline-block;">
ICYMI
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<td style="direction:ltr;font-size:0px;padding:0 10px 20px;text-align:center;">
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<div style="font-family:'Nib Pro', Arial;font-size:24px;font-weight:600;line-height:32px;text-align:left;color:#000000;">
<p>
Last week's highlights...
</p>
</div>
</td>
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<tr>
<td align="left" style="font-size:0px;padding:0;word-break:break-word;">
<div style="font-family:'Capsule Sans Text', Arial;font-size:15px;font-weight:400;letter-spacing:-0.1px;line-height:24px;text-align:left;color:#000000;">
<ul style="padding-left: 18px;">
<li style="margin-bottom: 12px;">
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Bullwhip
</a>
:
</strong>
After years of supply woes, retailers like Walmart,
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Target
</a>
</strong>
, and
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Nordstrom
</a>
</strong>
now have too much inventory. Overflowing warehouses are bad for profits, but could mean inflation-cooling markdowns.
</li>
<li style="margin-bottom: 12px;">
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Comp
</a>
:
</strong>
From
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Amazon
</a>
</strong>
to
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Coke
</a>
</strong>
, shareholders of America’s largest companies are showing unprecedented backlash to meaty exec pay, part of a broader movement seeking progress on environmental and social issues.
</li>
<li style="margin-bottom: 12px;">
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Ghost
</a>
:
</strong>
Discovery ads aren’t worth as much as they used to be:
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Snap
</a>
</strong>
said it expected growth to slow as macro conditions “deteriorate.” Cue: investors ghosted Snap and other techies on ad-pocalypse fears.
</li>
</ul>
</div>
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</p>
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<div style="font-family:'Nib Pro', Arial;font-size:24px;font-weight:600;line-height:32px;text-align:left;color:#000000;">
What else we're Snackin'
</div>
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<td align="left" style="font-size:0px;padding:0;padding-top:12px;word-break:break-word;">
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<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Vanity
</a>
:
</strong>
Minivans, the vehicles famous for being the butt of soccer-parent jokes, are #trending again (even with Kim K). After years of declining sales, minivans are soaring in price thanks to summer road trips.
</li>
<li style="margin-bottom: 12px;">
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Phoney
</a>
:
</strong>
In a win for the “right to repair” movement,
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Apple
</a>
</strong>
released its first DIY repair program for iPhones last month (think: no Genius Bar). But for some, the intimidating process has resulted in mishaps.
</li>
<li style="margin-bottom: 12px;">
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Juiced
</a>
:
</strong>
Using a shared
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Google
</a>
</strong>
spreadsheet, die-hard
<strong>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Tesla
</a>
</strong>
fans are vying to visit as many fast-charging stations as possible — yet the race may never end as new ones keep popping up.
</li>
</ul>
</div>
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🙃
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Netflix, upside down
</a>
• May 27, 2022
<br/>
📦
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Retail’s inventory glut
</a>
• May 26, 2022
<br/>
<a rel="noopener" style="color: rgb(0, 200, 5); text-decoration: underline; font-weight: bold; text-decoration-thickness: 2px; text-underline-offset: 1px;" target="_blank">
Ads falter
</a>
• May 25, 2022
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Homosexuality is still considered illegal in more than one-third of countries
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This Week
</div>
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<div style="font-family:'Capsule Sans Text', Arial;font-size:15px;font-weight:400;letter-spacing:-0.1px;line-height:24px;text-align:left;color:#000000;">
<ul style="padding-left: 18px;">
<li style="margin-bottom: 12px;">
<strong>
Tuesday:
</strong>
Earnings expected from
<strong>
Salesforce
</strong>
,
<strong>
HP
</strong>
, and
<strong>
ChargePoint
</strong>
</li>
<li style="margin-bottom: 12px;">
<strong>
Wednesday:
</strong>
Pride Month begins. Earnings expected from
<strong>
Victoria’s Secret
</strong>
,
<strong>
NetApp
</strong>
,
<strong>
Chewy
</strong>
,
<strong>
MongoDB
</strong>
, and
<strong>
Weibo
</strong>
</li>
<li style="margin-bottom: 12px;">
<strong>
Thursday:
</strong>
Jobless claims. Earnings expected from
<strong>
CrowdStrike
</strong>
,
<strong>
Hormel
</strong>
,
<strong>
Okta
</strong>
,
<strong>
Asana
</strong>
,
<strong>
The Duckhorn Portfolio
</strong>
,
<strong>
Samsara
</strong>
,
<strong>
Zumiez
</strong>
,
<strong>
Duluth Trading Co.
</strong>
, and
<strong>
Lands’ End
</strong>
</li>
<li style="margin-bottom: 12px;">
<strong>
Friday:
</strong>
Monthly employment numbers.
</li>
<li style="margin-bottom: 12px;">
<strong>
The weekend:
</strong>
World Environment Day on Sunday.
</li>
</ul>
<p>
Authors of this Snacks own: bitcoin and ethereum and shares of Snap, Netflix, Amazon, Apple, Walmart, Tesla, Google, Starbucks, and Disney
</p>
<p>
ID: 2222523
</p>
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) and do not reflect the views of Robinhood Markets, Inc. or any of its subsidiaries or affiliates. They are for informational purposes only, and are not a recommendation of an investment strategy or to buy or sell any security, digital asset (cryptocurrency, etc) in any account. They are also not research reports and are not intended to serve as the basis for any investment decision. Any third-party information provided therein does not reflect the views of Robinhood Markets, Inc., Robinhood Financial LLC, or any of their subsidiaries or affiliates. All investments involve risk including the loss of principal and past performance does not guarantee future results.
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2 years, 5 months ago - noreply@robinhood.com
…stocks are flirting with “bear” territory, but what about the economy?Disclosures Money printer ...