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Apple Just Fired an Economic Warning Shot

Apple (AAPL) is making moves behind the scenes to prepare for a downturn…

Bloomberg reported last week that the tech giant plans to freeze hiring in some divisions – while remaining cautious on spending through next year.

And the thing is,Apple isn’t alone…

In recent weeks, many companies have started to tighten their belts.

For example, in late June, Meta Platforms (META) founder Mark Zuckerberg bluntly said during a Q&A session…

“Realistically, there are probably a bunch of people at the company who shouldn’t be here… [And] I think some of you might decide that this place isn’t for you, and that self-selection is OK with me.”

Now, we’re talking about two of the world’s largest companies by market cap.

And their decisions have ripple effects throughout the rest of the economy.

If Apple trims its expenses, the stocks of companies related to those expenses will likely start to fall.

And the company’s hiring freeze could slow down consumer spending across the board. After all, unemployed people tend to spend less.

Investors are hunkering down, too… that’s clear on Apple’s price chart.

I sounded a warning about Apple a couple months ago. And sure enough, after the latest news, the next phase of this breakdown is already playing out.

Bottom-line: Apple is pointing to a massive recession in the U.S.

If you have any serious assets in the market, there is ONE critical step you must take now…

A man who predicted the 2020 crash and famously called the overnight collapse of Priceline on CNBC has been sharing a public warning with the full details…

Including how to predict which stocks could soon plummet next, and which could boom in the coming recession.

With his permission, you can access his full public warning on our website right here.

Regards,

Pete Carmasino
Chief Market Strategist, Chaikin Analytics

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