Consumer Crumbles 🛍

🛍  Retail selloff. Retailers’ profitability hit sounded the alarm with negative impact from higher markdowns, freight costs, supply disruptions and labor costs. Perfect storm of #RecessionWatch fears fueled market panic. Consumer sectors badly underperformed very bearish market week down -8%. 💋  Flirting with bear market. Another bearish market week as S&P 500 dipped again into bear territory. While a Read More

Cracks in App Store Ecosystem 📱

😷 Stalling recovery? #COVID19 delta surge moderating, but worries over #COVIDRecovery momentum rising. Spending data shows slowing growth and company #Back2Work plans continue to get pushed back. 😬  Risk appetite contracting. Market pullback not surprising given huge August gains and post another #Crypto rise and fall. Overall, broad sector weakness as S&P 500 fell almost -2% last week. 📱  App Ecosystem breach. District Court ruled Read More