WE ARE OFFICIALLY IN A RECESSION!! - AMC Stock Short Squeeze Update
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Links;
https://www.marketwatch.com/story/were-in-technical-recession-is-here-but-just-dont-realize-it-bank-of-america-sees-more-shocks-to-come-11654871607
https://twitter.com/TheTranscript_/status/1535353212554846208
https://www.asiamarkets.com/chinese-banks-run/
The US is OFFICIALLY in a Recession!! But what does this mean for the AMC squeeze and also for the wider economy??
The S&P500 is down massively in the pre market this morning, and it was the same story on Friday, about to set new recent lows the SPY is again down over 20%
Crypto is also getting 'Rekt' over the last few days due to a number of reasons.
This puts Biden and the Fed in a tough spot... dont raise rates significantly and continue to let inflation spiral out of control, or push rates a bit harder causing an instant recession... tough crowd
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