
With Fed QT (Quantitative Tightening) running at a pace of $95 billion a month and the Treasury forecasting its cash balance to rise by $200 billion into year end, that amounts to a squeezing of liquidity that alone implies an 8% drop for the S&P 500 by the end of December, according to their model.
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Peloton’s Bold Reset: Can New Hires & Smarter Spending Power A Comeback?
Peloton has hired a new leadership team and new CEO Peter Stern is implementing a multi-pronged turnaround strategy that targets cost reduction, new revenue channels, and improved customer retention.
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