Google and Intel Disappoint

Google and Intel Disappoint

Google and Intel both reported Q1 2019 earnings in recent days and both disappointed the market. Their stocks were duly punished. Google was hit for -8% while Intel fared even worse, declining -14%. Google makes most of its money from advertising while Intel’s chips are in a multitude of products used daily. As such, they are excellent barometers of the over health of the global economy. Signs point to a slowdown. Meanwhile, the stock market ambles higher without a care in the world, while the bond market is pricing in a recession/depression. One market is right and one is wrong. It is taking an age to find out the answer but I think we are getting very close.

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