With the S&P 500 Taking its Biggest Dip Since 1970, Where Does Wall Street Go From Here? JULY 1, 2022

Worldwide Exchange

The once hot Buy Now, Pay Later space is facing a chill thanks to growing headwinds, with companies grappling with consumers becoming more selective with their spending due to inflation and rising borrowing costs. Zilch CEO Philip Belamant joins us to discuss why his company is defying this recent downtrend as it holds steady with a valuation of $2 billion. Plus, another area of the market that has been cut down to size is semiconductors, with AMD and Nvidia down more than 50% off their November 2021 highs. But despite Micron CEO Sanjay Mehrotra’s warning on a weak demand environment, analyst ratings on the sector remain as bullish as ever. Patrick Ho of Stifel Nicolaus gives his bull case. And, with the S&P 500 falling 20.6% in the first six months of this year, the biggest first-half decline since a 21.1% in 1970, where does Wall Street go from here? Delano Saporu of New Street Advisors and Joseph Fahmy of Zor Capital weigh in.