DoorDash CEO Tony Xu on Inflation, Volatility Weighs on Software Stocks & Nvidia Announces New Products 9/20/22
TechCheck
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The Bear Market Rally - What's Next?
John MacIntosh: We think the market's going to be down 30 to 50% from peak to trough, our single point estimate on the S&P is 3000. So with that in mind, we're more focused on our shorts because we think that's where we're going to make the profits. He says they are short things like internet advertising, goods and enterprise software. MacIntosh said he was trying to avoid PCs,. smartphones on the good side, but on the services side, we've got things like actually Uber in there. And we've got online sports betting in there again, services related, defenses like Walmart and some healthcare in there and commodities.
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