Retail is hurting—except one group
Wall Street Unplugged - What's Really Moving These Markets
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Are We Going to Be in a Recession?
I think there was an ever course survey and a ton of them believe we're going to be in a recession next year. So you could temper expectations for Ellison that come on lows and say things were fine. We're not seeing a slowdown. You have to be very, very carefully because it's falling off a cliff. It's happening quick based on the pace of rate hikes.We've never seen rate hikes this fast in a Fed era history to Fed era. And they're going to result in the first sector that gets hit. Obviously, the most interesting sensitive is housing; now look at the autos. Now look at the semis getting nailed."
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