Becker Private Equity & Business

Liz Hutson, Principal Consultant, Owner at EGH, LLC, rejoined the podcast to discuss counteracting the current chaos in healthcare through simplification, focusing on building a strong foundation, and opening up space to think about the future.

In this episode, Scott shares more bad news for big tech stocks.

Tesla dropped nearly 9% yesterday on slowing deliveries and supply chain issues.

Apple consumers cutting back on spending.

A # of big tech stocks taking it on the chin.

Here, Scott shares some thoughts on an article from Yahoo Finance "Apple consumers are cutting back on spending: analyst". Here the analyst says that even though Apple had a great 3rd quarter, Apple faces 2 or 3 big headwinds. 

Slowing sales in the App store. 

Slower movement of the iPhone 14 series. 

Slowing interest in consumer electronics after the holiday season.

Here, Scott discusses 5 Big Tech reductions in stock price-- YTD

Apple down 20%

Microsoft 28%

Amazon 30%

Meta/Facebook 58%

Alphabet Google 31%

Here, Scott shares 7 thoughts on the market this morning 10-4-22.

  1. Market indexes point up today after a great day in the markets yesterday. 

  2. The S&P 500 was up 2.6% yesterday and the Dow was up 2.7%. The Nasdaq was up 2.3%. Futures point up plus 1% today.

  3. The overall economy saw some cooling in September. Here this leads to positive movement for the equity markets because it leads people to believe that the Fed will start to soften its tone on interest rates.

  4. The market may also be reacting to UN and other calls to slow the rise in interest rates. Perhaps one can argue that Chairman Powell and the Fed have done a pretty good job of ratcheting up rates to soften growth and might take a month or two to see the impact before moving further.

  5. Treasury yields dropped yesterday.

  6. Oil rose to $84 plus based on news of OPEC looking to reduce supply.

  7. Bitcoin rose nearly 4% to close in on $20000 & Cannabis stocks recovered in line with the major indexes.

In this episode Scott discusses the issues Credit Suisse is facing and what it means for the economy.

As one looks at so many financial potholes and geopolitical challenges, families and governments and companies should be reminded that rational to low debt levels are things to applaud not things to scoff at.

In this episode Scott discusses:

The Nasdaq is down nearly 33.5%year to date. The S&P 500 is down nearly 25% and the Dow is down close to 22%.

Futures are pointing up this AM.

The fall in equities has been partially caused by aggressive raising of rates by the Fed.

At some point the hope is that the Fed will find the equilibrium between interest rates, inflation, and the markets.

The S&P index is right around 3,600.

Oil is right around $80 a barrel

Bitcoin remains strong at around $19,000.

Cannabis stocks getting hammered still.

Increased rumors that Credit Suisse is in deep financial trouble.

In this episode Scott Becker discusses how the government is trying to figure out what to do about student debt.

In this episode Scott Becker discusses the current issues Apple and Nike are facing.