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If (Microsoft +13%) Then Recession =0
Yesterday Microsoft printed its Q3 numbers. A company with in excess of $200bn in trailing twelve month revenue declared that it was growing that revenue base at +13% since the same quarter last year, and +8% on a TTM basis vs. the same twelve month period a year ago. I think it unlikely that if MSFT is growing at that rate, the US economy is headed for a recession any time soon. That's hardly Nobel economics but as a lay observation I would say, if companies and consumers are increasing their spending on the stuff that Microsoft sells, probably they can also continue to afford the basics and a luxury or two.
MSFT stock was up after hours, which has the capacity to lift the Nasdaq and with it the S&P500; Google didn't fare so well, unfortunately, so we have to see how that shakes out today.
The Matter In Hand
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