Opendoor Technologies Inc (OPEN)

[santafe2]

Not at all. We are living through a 100% risk-off environment. MRNA crushes their numbers, get's crushed. AMZN invests in RIVN get beaten down like they're going out of business. LYFT beats on earnings lowers guidance and drops 33% in about 10 minutes. Growth stocks in a high inflation environment just don't sell well at all. Small cap growth where capital is needed and getting more expensive, even worse. We'll have to wait for the Fed to ease up and inflation to slow down. Personally I think we're closer to a mild recession than continued inflation. Core CPI should start moving down with the upcoming April report. I don't expect the market to turn around until the Fed indicates they'll take their foot off the pedal and who knows what the egghead patrol will do. My favorite Fed comment of all time is from Greenspan regarding the Financial Crisis: Who knew?