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Resisting Recession with Cathie Wood
FYI - For Your Innovation
Is the Market in a Recession?
We're hearing about some ra onian discounts out there. I guess at target, there are 70 % discount sales all over the place that will get in to the c p i ultimately as well. What we've also seen is many companies have tried to salvage profitability as unit demand has turned down with higher prices. We think they're capitulating now, and that their margins are going to take a hit. One of the reasons employment has remained strong, we believe, or stronger for onger, it is because of what we call labor hoarding.
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