their would-be customers continue to be negatively impacted by the Democrats’ policies on covid, energy, wars, etc. In short, we’re several months into a bear market and beginning a multi-year recession. So, a company that provides non-essential services isn’t going to do well, if it even survives
When you let your politics cloud your judgement, the chances are you are going to be wrong.
Fed is engineering a recession, to control inflation. Well fed cannot do anything on supply, so they are going after demand. Fed is complaining about record unemployment.
Once inflation comes down, FED will stop killing the economy and will turn dovish. Right now they are very hawkish and going to raise rates, etc.
So in an raising rate environment buying an interest bearing (I know preferred’s are dividend not interest, but stay with me) investment will result in the yield going up and price going down.
However, the part that FED is going to create a multi year recession and scores and scores of companies are going to go bankrupt are bordering conspiracy theory.