Motley Fool Money Market Whiplash, Emerging Trends, and Battling Tech Giants
Jun 17, 2022
Seth Ravin, CEO of Rimini Street, shares insights on navigating the tech industry and its legal battles with Oracle. He delves into the challenges smaller software companies face against giants, discussing monopolistic practices and the drive for competitive alternatives. The conversation also touches on the impact of rising interest rates and shifting dining trends, revealing how changing consumer behavior is affecting businesses. Seth's perspective on maintaining customer engagement highlights the importance of adaptability in today's market.
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Market Volatility
- The S&P 500 entered bear market territory, experiencing its worst week since March 2020.
- Investors are torn between the Fed's aggressive rate hikes and recession fears.
Economic Indicators
- Signs of economic weakness are emerging, including dropping airline ticket prices and freight costs.
- The global supply chain is showing signs of improvement.
Changing Consumer Habits
- Kroger's customer habits reveal a shift to lower-priced brands and generics due to inflation.
- Consumers are noticing and feeling the pain of increased prices, impacting their shopping habits.