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This is a new series we launched two weeks ago to highlight interesting developments in the world of investing, global events, entrepreneurship and health that occurred during the week. We are doing this through a series of curated Tweets and will add other sources over time. Starting last week, we increased the frequency with which we publish on Inside Arbitrage. If you are an existing subscriber, you can login to the InsideArbitrage.com website to adjust the kinds of articles you receive by email by turning on or turning off specific categories of articles. This article is best viewed on our website here because of the embedded Tweets in the article, which don’t show up on most email clients.
Market conditions deteriorated further this week with some investors worried that the Fed might tighten even faster with 75 basis point hikes instead of 50 basis point hikes. Challenging results from Netflix (NFLX) and Snap (SNAP) indicating that several advisers had stopped campaigns after Russia invaded Ukraine did not help the market mood. The latest development was hospital operator HCA Healthcare (HCA) dropping 22% on a single day after issuing weak guidance. Netflix appears to have been the canary in the coal mine.