Walter Todd on Bloomberg’s Drive to the Close
April 27, 2023
“If we are, in fact, going to have a recession, the market has never really bottomed out before the recession has even started.“
Walter Todd
Is Big Tech inflating earnings as the average stock flounders?
Walter Todd discussed Microsoft, Apple, and other names with Carol Massar and Madison Mills on Bloomberg’s Drive to the Close last night. He outlined that while many big companies are outperforming expectations, they are stepping over a lowered bar. He cautioned that those lowered expectations are indicative of slowing growth, rather than improving market conditions.
