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As Streaming Heads into Possible Recession, Did Wall Street Wrongly Beat Roku Shares?

As Streaming Heads into Possible Recession, Did Wall Street Wrongly Beat Roku Shares?

Conversations on Wall Street and similar economics-focused circles have reached an almost Talmudic level of obscurity and technical complexity: Are we in a recession after two quarters of negative GDP growth? Will Last Week’s Fed Rate Hike Kill Inflation? Will it trigger that recession? What will the next rate hike do? What does it mean that we keep adding hundreds of thousands of new jobs?

No one is even sure if we actually know we’re in a recession until we’re pretty much out of it. Nowhere was that more evident than this week, where tech giants Alphabet, Apple, Microsoft and Amazon (all of which have significant ad-based or streaming units) collectively reported a 24% drop in quarterly profits, and still saw their share prices jump. Even Netflix shares are up more than 30% in the past month after a bad first half.

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