For those of you who may have forgot, google is releasing their earnings report after the bell at 4:00 p.m eastern time and the conference call to discuss the earnings will be at 5:00 p.m on yt:
Here is the link if you would like to send a reminder/notification for yourself.
Google, with 56% of its revenue coming from advertising, will be a true teller of how much advertiser spending has been affected by shifting consumer behavior.
Along with Google, Microsoft will also report earnings after the bell.
I think the outcome of these earnings will act as potential indicator of how bad the upcoming recession will be, though there are already other indicators such as the CCI (consumer confidence index) showing that consumer attitudes towards buying, inflation, stock prices, and interest rates, etc. are falling pretty quickly and may go lower than March 2020 covid levels soon
Along with this, the advanced estimate for Q2 GDP coming out on the 28th and the FOMC meeting is starting today at 2 p.m eastern time and ending late Wednesday will be major indicators of the current and future macroeconomic condition.
May god have mercy upon our souls.
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