This is MacO S Ken. Wed Bush wants to damp down the freak out. A serious shout out for the Maryland Apple Store Union and news of various realities.

It is Tuesday the 21st of June 2022. I'm Ken Ray and this is news from Maco West Ken brought to you by yours

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Wedbush analyst Daniel Ives is a message for investors selling tech stocks down to the ground.

Would you stop it already?

Apple 3.0 ran part of a note he wrote Monday, wherein the analyst argued that tech stocks have

over corrected and that a mild recession is already baked in at their current

levels. Not that he doesn't get it.

Quoting his note in what has been an absolutely brutal year for the market and especially tech stocks, the path of least resistance for investors is to stay away from any risk assets till the dark

economic storm clouds clear. We clearly could be looking at a very volatile few

months still ahead as the street tries to get a gauge if inflation has

started to finally peak and what type of recession now likely lies ahead into

2023. While consumer-facing tech and work from home,

poster childs are seeing clear softening and demand

starting to dry up in the field, especially

around digital advertising, on the other hand,

Enterprise Cloud, Cybersecurity, and high priority pockets of IT budgets are holding up particularly well based on our recent checks.

Where does that leave Apple? In a kind of special Apple place.

Text going in two directions in his estimation,

...