The View from 5th Avenue

The View from 5th Avenue – 20 July 2022

Everything was cruising along for the market again today until someone typed "what happens when we pause hiring" into their Google search engine. The stock came off highs thanks to that unconfirmed headline (though closed flat) and added to a growing list of companies potentially pausing hiring. Any recessionary signs are unhelpful in this environment and markets dropped, but ultimately held onto positive territory (4th up day out of 5 for the Nasdaq).

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