HUGE NEWS!! THE RECESSION IS OVER OR IS IT? FACEBOOK STOCK PRICE CRASHES + STOCK MARKET CRASH OR NO?

TL;DR

Despite the end of the recession, concerns about the next one emerge as the US economy experienced growth in Q3 but faces potential challenges due to factors like the inversion of the three-month and ten-year treasury yields. Meta (formerly Facebook) stock plummets by 23%.

Transcript

welcome back everyone stockmo here and if you haven't read it yeah the news is out there I'm surprised we didn't see a big thing on this but the recession is officially over that's right don't think I forgot about the technical recession of q1 and Q2 we had the GDP for Q3 which absolutely blew it out of the water we knew that was coming so now the ... Read More

Key Insights

• ❤️‍🩹 The technical recession has ended with the US economy's growth in Q3, but concerns about the next recession persist due to factors like the inversion of treasury yields.
• 🪠 Meta's stock has plunged by 23%, indicating difficulties in the company's performance.
• 🥺 Inflation remains a challenge, and it could lead to unemployment and a drop in housing prices.
• ❓ Government spending during an election year may exacerbate inflation and hinder efforts to curb it.

Questions & Answers

Q: Is the US economy out of the recession?

Yes, the US economy saw growth in Q3, officially ending the previous technical recession.

Q: What are the concerns regarding the next recession?

The inversion of the three-month and ten-year treasury yields is a sign of an upcoming recession, which raises concerns about future economic challenges.

Q: Why did Meta's stock plunge?

Meta's stock has dropped by 23% due to its second consecutive quarterly decline, with Meta Reality Labs reporting a loss of over nine billion dollars in the first three quarters.

Q: What is the current state of inflation and its impact on the economy?

Inflation remains sticky, and some believe that it will be challenging to bring down prices. This could lead to unemployment, a drop in housing prices, and a potential recession.

Summary & Key Takeaways

• The US economy grew in Q3, ending the technical recession of the previous two quarters.

• However, concerns arise as the inversion of the three-month and ten-year treasury yields suggests an upcoming recession.

• Meta's stock has plunged by 23% after reporting its second consecutive quarterly decline, losing over nine billion dollars in the first three quarters.