$Shopify Inc(SHOP)$
The recession is not here yet, but all indicators point to it coming. The lower and middle classes in the US are reportedly close to running out of savings, which will first hit car loans, then credit cards and then a whole slew of others. There is no doubt that the war with Russia, headlines of layoffs, Fed rate hikes and inflation still moving higher will eventually affect the US economy. Cross-border e-commerce is very sensitive in the face of geopolitical issues. And the supply chain and quality control in Southeast Asia are not yet very mature.
I do see a 20-25% correction in the broad indices in '23 which will affect most stocks with very few exceptions. shopify could easily reach the $25-30 range again lke it did in 2022.
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