Stocks Continue Decline As Inflation Rises

Despite hope from a rebound earlier this week, stocks fell again Tuesday.

Trish Regan predicted this on her podcast saying, “investors should not be fooled by Monday’s rally…there’s more pain to come.”

Turns out, she was right.

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CHECK OUT TRISH REGAN’S PODCAST HERE.

A record drop of Snap Inc. led to a decline in other tech stocks.

Snap CEO Evan Spiegel lowered the company’s forecast, which led to the decline. He pointed to the effects of inflation, something a lot of companies are struggling to combat.

“How do you pass these costs on to consumers?” Trish Regan asked on her podcast. “Consumers who are already trading down, not going for the brand names…things are getting a lot tighter because there is so much inflation.”


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