Here we will discuss the year of “re-opening”!!! - I tried to bring joy to the holidays, but let's face it, this year's market was more Halloweeny than one would like to admit.
We kicked off the year with…
The overhang of the semiconductor chip shortages. The drama began in 2020 when automakers cut their chip orders due to the lack of demand. When demand recovered faster than anticipated, the chip makers were hit! Despite their strong revenue marks in early 2022, the industry is cyclical and faces significant challenges with China. The market doesn’t expect semiconductors will rebound till the second half of 2023.
News that Apple’s mixed reality (VR) headset could possibly be launched this year started swirling in January! Now rumors are swirling for a January 2023 release.
Boeing announced its commitment to developing self-driving air taxis in January by backing Wisk Aero. Now the company awaits FAA certifications!
In February, we were hit with geopolitical risk! The Russia-Ukraine War caused mass disruption in the markets, such as commodities (oil/gas), triggering a global food shortage! Think cereals and oilseeds! Yes, that box of captain crunch became more expensive than expected.
At half-time…
Inflation hitting record highs of 8.6% (May 2022) the highest level since 1981
Elon acquired Twitter and continues the drama! No one ever said running two companies would be easy… During his most recent Twitter space, he stated he would not be selling any more shares of TSLA for the next 18-24 months. Since Elon purchased Twitter on Oct 27th, TSLA shares are down roughly -49.8%
Oh, and if you thought maybe tis the season for love and getting back out there to see people in person/date. Think again! Shares of Match.com (MTCH), the online dating giant, tanked roughly -49% from June to December 2022!
For the season finale of 2022 …
A collapse of the crypto market & the most massive fraud in the history of fraud!
Wells Fargo has been fined $6.7B since 2020 for consumer abuses and fraud.
“SBF” Sam Bankman-Fried committed the largest fraud in the market history swindling $8 Billion in customer funds and affecting many other crypto businesses it lent to, such as BlockFi Inc. and Genesis Global Capital.
The VIX, which measures uncertainty in the market, closed > 20 in 91 days of trading in 2022! This is the highest percentage since 2009, according to S&P Dow Indicies.
So who didn’t bring the Drama in 2022? 👀 Energy, Industrials, Distribution Services & Utilities: Think Occidental Petroleum, Hess Corporation, First Solar, General Mills, Berkshire Hathaway, etc.
Articles To Explore!
The NFL Sunday Ticket could move to YouTube
Behind The Scenes
We have been on a writting spree here at Stock Explore!
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Happy Holidays Stock Explorers & Merry Christmas Eve Eve!!!!
Oh wait, here is a song from ChatGPT
Input: Stock Market History with Women to the tune of about damn time by lizzo
Output: Here's a rough outline of stock market history with women, set to the tune of "About Damn Time" by Lizzo:
Verse 1: It's about damn time we saw some women in the stock market It's been a boys' club for far too long, and it's time to mark it We've been fighting for our place in finance, and now we're here to stay It's about damn time that we got our share of the market's pay
Chorus: We're breaking through the glass ceiling, making history every day We're taking on Wall Street and showing them what we can do It's about damn time that we got our due
Verse 2: We've been fighting for our rights and fighting for our worth But now it's time to take control and show the world what we're worth We're leading the charge and making our mark in finance and business It's about damn time that we got the recognition that we deserve