People misunderstand the impact of a negative GDP. It’s not the GDP number that can be estimated causing dumps. It’s what happens afterwards as a result of it.
People losing their jobs, not able to afford food,gas,housing to inflation will cause less earnings for companies. Resulting into shareholders selling them off or even companies covering their losses.
And when tech sector dumps - crypto dumps. Institutions will move their money into discounted blue chip companies over risky crypto.
But what do I know idk shit about fuck it’ll probably hit new highs every week from here lol
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