The Stock Market & Crypto Crashed, What’s next?

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2022 has been such a negative year with everything crashing

Started with inflation from supply chain disruption
– Due to war, China lockdown, post pandemic demand (revenge spending)
– Food, Energy (Crude Oil), Shelter (Rent)
– Singapore’s April core inflation rises to 3.3%, fastest in more than 10 years, US 8.6%

Fed to hike interest rate to curb inflation
– 0.25% in Mar, 0.5% in May, 0.75% in Jun
– Interest rate hikes hurt companies due to higher borrowing cost and eat into profit margins. Discounted Cash Flow model affected

Crypto Crash
– Luna Terra Death spiral
– Celsius halting withdrawals
– 3AC facing insolvency, BlockFi liquidated 3AC

The Great Retrenchment after the Great Resignation
– Shopee – ShopeePay & ShopeeFood employees in Southeast Asia
– Crypto.com – 260 employees or 5% of workforce
– Stashaway – 31 employees across 5 markets
– Unprofitable companies, low or negative cashflow, huge employee and office costs

Recession is next?
– 2 consecutive quarters of negative GDP
– Massive unemployment as companies cut cost
– Sell away properties and cars, price may start falling
– Increase supply, reduce demand