SNAP’s Startling Warning: The Economy’s Hit a Wall on Inflation

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SNAP’s Startling Warning: The Economy’s Hit a Wall on Inflation The pain train was back barreling down the tracks Tuesday morning, and for those who may have missed it late Monday after the closing bell… Snap, the parent company of social media app Snapchat, announced it will miss revenue targets and adjusted earnings for the second quarter. The news sent shares plummeting as much as 40% in the already beaten-down stock, dragging the entire market down with it on Tuesday — which lends itself to a greater point about the overall health of the economy, but more on that later...  SNAP is down over 75% the past year and over 60% the past three months alone.  Sure, Snapchat’s revenue target miss is bad news for the company itself, but did you see what happened to Meta Platforms (Facebook) alongside it? Down 10%...  Some of you may remember a recent appearance I made on Cheddar TV, where I said Meta was not a buy after reporting better-than-expected earnings for the first quarter of 2022… A report I was a big skeptic of. So the reason I mention the Meta earnings here is because I saw something alarming when FB reported, and it was concerning ad spend.  Revenue was basically falling off a cliff and at a pace they didn’t see coming. Then we got this major warning — out of the blue — from Snapchat on Monday.    This is BAD News for the Market and Economy Jeff Z Jeff Zananiri spent over two decades on Wall Street learning how the best made consistent money in the market.  An 84% Win Rate Since October — Here’s the Next Trade Alert Now more than ever, traders need confidence… And confidence usually comes with a solid trading plan. That’s why Senior Strategist Roger Scott revealed his “Zip Trades” plan that he’s been following in 2022 to SMASH the market. It’s the same plan used to nail a 84.8% win rate on active signals from Oct. 12, 2021, through May 19, 2022… And it’s had an average return per position — winners and losers — of 8.49% in just 21 days!   No BS here… No creative accounting… Just a trading plan that’s crushed so far in 2022.  What’s the secret?  One simple indicator that Roger is willing to bet 99% of traders don’t know about…    Start Finding These 'Zip Trades' on Your Own These Are Not Normal Times on Wall Street. You MUST Hedge to Survive May 23, 2022 This market, more than any other in recent memory, behooves you to have hedged positions because no one knows what’s going to happen next.   Continue Reading It's Time to Start Trading These Names -- and Our Trade of the Year May 20, 2022   The pain train steamrolled through town again this week, and there was nowhere to hide… no sectors it didn’t hit…  Because the pain train comes for everyone in a bear market — unless you have puts!    Continue Reading Joy of the Trade A WealthPress Publication   ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. WealthPress provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Wealthpress LLC are for your informational purposes only. Neither Wealthpress nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Wealthpress is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit wealthpress.com/terms for our full Terms and Conditions. Manage Your Email Preferences Unsubscribe This email was sent by: WealthPress 1749 NE Miami Ct #507 Miami, FL, 33132, US Joy of the Trade Update Profile

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