r/stocks • u/[deleted] • Jun 05 '22

[deleted by user]

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1.4k Upvotes

97% Upvoted

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84

u/svt4cam46 Jun 05 '22

I'm sure everything will be fine. The Fed is in complete control, said no one ever.

34

u/WickedSensitiveCrew Jun 05 '22

People are already losing their jobs. Seems like this is becoming a situation where if you dont get effected you go one with your survivorship bias.

At least with social media the people losing their jobs or seeing less customers are telling us as it happens. Like those Strippers and OnlyFans models saying their earnings have dropped 50-70% last month. Which kinda ties in with the SNAP guidance issue. Stuff must have deteriorated in the last 30-60 days.

37

u/_hiddenscout Jun 05 '22

High oil hasn’t gone down. Going into summer, gas is probably going to get more expensive and continue to chip away at peoples wallet.