Billionaire hedge fund manager Bill Ackman said raging inflation will only dissipate if the Federal Reserve acts more aggressively or the market sell-off turns into a full-on collapse.
Snap shows ad market’s nightmare ‘becoming a reality’: Morning Brief
Snapchat (SNAP) had its worst day ever on Tuesday. Shares of the company fell 43% after messaging to shareholders that the “macroeconomic environment” would weigh on earnings in the current quarter.
No recession ahead: Evercore ISI predicts S&P 500 will jump 22% from current levels
While retail investors head for the exits as stock prices sharply fluctuate, Evercore ISI’s Julian Emanuel wants to put money to work.