"WE WILL BE IN A RECCESSION THIS YEAR" BANK OF AMERICA
MHFIN MHFIN
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 Published On Jul 26, 2022

It's the week everyone has been talking about for over a month. The drama of fresh earnings is upon us as Apple, Google, Facebook, and Microsoft all report earnings. While many have been trying to guess whether or not we are already in a recession, this week will make it clear. Even the White House is preparing for the bad news. They have already downplayed the impact of the definition, attempting to change the perspective despite the alarming trends. If the giants falter this week, the repercussions are going to be severe. By Friday we will have a much better understanding of the overall state of the economy with plenty of CEOs forced to speak out on disturbing trends we see emerging throughout the market.

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