The Federal Reserve has already taken the unprecedented step of raising interest rates into a slowing economy, and this afternoon we're going to get confirmation of what we already know - that the United States' economy in a recession.
And through it all, we're getting major earnings calls from across tech and retail.
Of the companies reporting, Apple Inc (NASDAQ: AAPL) is probably the biggest. And a lot of indicators suggest that no one's going to be thrilled by their numbers. Ongoing supply chain issues, a potential hiring freeze, and the general impact of an economy in recession don't paint such a rosy picture for the tech giant.
This is a big deal for the stock because, unlike a lot of its peers in big tech, Apple's bounced off its recent lows at more than twice the rate of the S&P 500. Earnings are going to have to be stellar to keep that trend up - even mild growth compared to the year before is going to leave investors feeling cold.
So, it's looking very likely that shares of AAPL are going to take a bit of a hit when those earnings reports come out. And because there's always a way to make money no matter which way the market is swinging, this dip is going to hand us the opportunity to bag as much as 300% profits in a hurry.
Check out this video to see exactly how to play it...
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The bear market is still raging, and there's no end in sight - the S&P is still down 17% for the year. That's a $2.3 trillion loss that's going to hit a lot of everyday folks in the wallet. Pensions, 401(k)'s, IRAs - you name it - they're all taking massive hits.
But there are some moves investors can make right now that can "bully" down this bear market, if you know where to look. I've got a set of stock picks that are my version of fire insurance - the best cheap trades I can find right now with the best potential for safe returns.
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