Although the subject has been discussed here before, I suspect a prolonged discussion of it is probably considered off-topic for this board. But, I just wanted to point out that the Yield Curve inverted today:
The Yield Curve is a plot of the yields of the 3-month and 10-year Treasury notes. If they are the same, or turns negative (3 month yields more than the 10 year), it’s considered a reliable predictive sign of an upcoming recession, which obviously would affect almost all stocks, high growth SaaS companies included. Note that such recessions have never occurred immediately afterwards - it can take a year or more.
This last really happened in 2007. It also recently occurred back in Dec last year, but swung positive again only to turn negative again today.
Of course, no indicator is 100% reliable. And we all know that going into hunker-down mode most often means missed upside opportunities. For me, today’s news is mostly a reminder that despite doing very well this year there’s no guarantee things will continue to be so good.