Today’s biggest stock market losers aren’t limited to technology, as economic fears mount

The management team at Snap Inc. minced no words May 23, saying “the macroeconomic environment has deteriorated further and faster than anticipated.” That led the company to say it will miss the low end of its month-old guidance for second-quarter revenue.Snap’s... The management team at Snap Inc. minced no words May 23, saying “the macroeconomic environment has deteriorated further and faster than anticipated.

Another sign of investors’ flight to safety was purchase volume that pushed the yield on 10-year U.S. Treasury notes TMUBMUSD10Y down 13 basis points to 2.74%.More about Snap’s warning and its aftershocks:

All these are fake pullback...Opportunity to buy. Earning still positive regardless the noise. Social media will always exist. Buy the fake pullback

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Asia stocks weighed by inflation concerns, China tech sellingAsian stocks came under pressure on Monday as persistent worries about inflation and rising interest rates dogged the global economic outlook and fresh selling in technology stocks weighed on Chinese markets.
Source: Reuters - 🏆 2. / 97 Read more »