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FDX - Chart Link- check out after hours
FedEx Says Withdrawing FY23 Earnings Forecast Provided On June 23, 2022 (Demand Destruction at Work)
Global volumes declined as macroeconomic trends significantly worsened later in the quarter, both internationally and in the U.S.
Not a prediction but wouldnt be surprised if SPX doesnt sell off in ST b/c traders view FDX news as positive in that Fed will pivot or pause…bad news is good news
Sounds like you're suggesting it will rally vs sell off? "bad news is good news"
No not at all. Opportunity to short if a pump and dump rally occurred based on that thesis.
Will buy the bad news surface?
We're Going Into A Worldwide Recession, FedEx CEO Warns "Numbers Don't Portend Very Well" | ZeroHedge
"We are a reflection of everybody else’s business, especially the high-value economy in the world"
Yikes and futures reversed for now
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Short FDX Daily View
Posted by steve on 15th of Sep 2022 at 04:36 pm
FDX - Chart Link- check out after hours
FedEx Says Withdrawing FY23 Earnings Forecast Provided On June 23, 2022 (Demand Destruction at Work)
Global volumes declined as macroeconomic
Posted by steve on 15th of Sep 2022 at 05:59 pm
Global volumes declined as macroeconomic trends significantly worsened later in the quarter, both internationally and in the U.S.
Not a prediction but wouldnt
Posted by mitchell on 15th of Sep 2022 at 10:33 pm
Not a prediction but wouldnt be surprised if SPX doesnt sell off in ST b/c traders view FDX news as positive in that Fed will pivot or pause…bad news is good news
Sounds like you're suggesting it
Posted by DigiNomad on 16th of Sep 2022 at 12:07 am
Sounds like you're suggesting it will rally vs sell off? "bad news is good news"
No not at all. Opportunity
Posted by mitchell on 16th of Sep 2022 at 08:33 am
No not at all. Opportunity to short if a pump and dump rally occurred based on that thesis.
Will buy the bad news
Posted by retirefire on 16th of Sep 2022 at 08:37 am
Will buy the bad news surface?
We're Going Into A Worldwide Recession, FedEx CEO Warns "Numbers Don't Portend Very Well" | ZeroHedge
zerohedge.com
We're Going Into A Worldwide Recession, FedEx CEO Warns "Numbers Don't Portend Very Well" | ZeroHedge
"We are a reflection of everybody else’s business, especially the high-value economy in the world"
Yikes and futures reversed for
Posted by retirefire on 15th of Sep 2022 at 04:41 pm
Yikes and futures reversed for now