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Are Massive Tech Layoffs A Major Concern? | Market Commentary with Rick Wedell | RFG ADVISORY

Welcome to another market commentary with RFG Advisory CIO Rick Wedell!

Over the past few months, many of the largest tech companies in the world (Meta, Google, Amazon, Netflix and more) have been laying off tens of thousands of their workforce, causing a lot of stir in the media around the health of the economy. Is this an indicator of a recession? Are other industries next? What will happen next?

In this video, RFG Advisory CIO Rick Wedell brings you an update on the health of the economy, dissecting the main reasons markets have been hovering at around 4000 on the S&P 500 and explaining why he feels the tech layoffs are a “sector specific” issue.

Please reach out to your advisor or visit our website if you have any questions!

Click here or click the image below to watch the video!


If you have any questions, don’t hesitate to reach out!

This commentary reflects the personal opinions, viewpoints and analyses of RFG Advisory, LLC employees and should not be regarded as a description of advisory services provided by RFG Advisory, LLC or performance returns of any client. The views reflected in the commentary are subject to change at any time without notice. Nothing herein constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. RFG Advisory, LLC manages its clients’ accounts using a variety of investment techniques and strategies, which are not necessarily discussed in the commentary. Investments in securities involve the risk of loss. Past performance is no guarantee of future results.

 

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