Abdul Abdulrahim

Share this story You might think yes, but the data suggests not always. It’s no longer news that companies and economic spectators are spooked by what is believed to be a looming economic downturn. Key takeaways: Over the last few months, public and private tech companies have been announcing layoffs across regions in anticipation of the global downturn.

Share this story You might think yes, but the data suggests not always. It’s no longer news that companies and economic spectators are spooked by what is believed to be a looming economic downturn. Key takeaways: Over the last few months, public and private tech companies have been announcing layoffs across regions in anticipation of the global downturn.

Share this story Just last week, traders and analysts were speaking of “capitulation”—a sign of panic, feverish selling, awful sentiment—to determine if the financial markets were crashing and nearing their bottom. Yes, selling has been pretty frantic as the Nasdaq recently fell 12% in a week—declining in magnitudes rarely seen. Some even pointed at the small proportion (15%) of the S&P 500 stocks trading above their 50-day moving average.