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A comment on Tell HN: Job interview canceled due to looming recession. Parent comment

Re:Tell HN: Job interview canceled due to looming recession by Leherenn on Tuesday May 24, 2022 @03:29PM (#31496515)
At least in the markets, the NASDAQ is down roughly 30% YTD.
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Re:Tell HN: Job interview canceled due to looming recession by pedrosorio on Tuesday May 24, 2022 @06:09PM (#31498074)
Which is still 50% up from 3 years ago and 80% up from the "crash" of 2018
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Re:Tell HN: Job interview canceled due to looming recession by thegeomaster on Tuesday May 24, 2022 @06:21PM (#31498205)
Right, but financial markets are forward-looking (or "leading economic indicators"). They don't encode the current state, they encode a consensus prediction for some time period in the future. In this case, the stock market is pricing in a sharp downturn in profits (and margins) over at least the next few quarters, and I don't believe it's even finished.
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