Rate of Return by Austin Hankwitz

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Week in Review: 7/31/22
austinhankwitz.substack.com

Week in Review: 7/31/22

The summer's blockbuster week - Apple, Amazon, & Microsoft climbed, while Meta posted their first-ever decline in revenue as a public company. Markets rallied, despite another GDP miss. Let's discuss.

Austin Hankwitz
Aug 1
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Week in Review: 7/31/22
austinhankwitz.substack.com

Something feels off…

Despite the historical definition that has always been followed by economists (and many of us learned on day one of macroeconomics class) — the White House and some media outlets refuse to say we’re in a recession.

We’re not here to tell you what to think, but the -0.9% GDP shrinkage this week puts us officially in a recession — acco…

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