Jarring Fedex Outlook Cutting Suggests Severe Global Recession (Fdx)

Did I missy anything?
Just kidding, I got to set on the snazzy adventure director hat.
I don't similar it, it's all "Thou shalt not's" I prefer "Thou shalts".

So the industrials swing over 800 points together with I'm rambling on nigh the message inward concluding night's FedEx report. As noted inward the outro from "FedEx Rocked, Wall Street Shocked (FDX)":

Not skillful for the economic scheme when the big carry companies encounter weakness. 

Deep huh?
"Not good".

Here's to a greater extent than from ZeroHedge:

Wed, 12/19/2018 - 10:22

FedEx shares are plunging afterward what Morgan Stanley called a "jarring" cutting to its annual forecasts, suggesting global increment is slowing far to a greater extent than than most await - inward fact, the banking concern hinted at the possibility of a "severe recession" unfolding - together with prompting expectations of an "uber-dovish hike" past times the Fed.

The global logistics bellwether slashed its outlook just 3 months afterward raising the view, reflecting an unexpected together with acuate alter inward the company’s sentiment of the global economic scheme amidst rising merchandise tensions betwixt the U.S. of A. together with China. Not solely were the cuts were deeper than the Street expected according to Morgan Stanley analyst Ravi Shanker, but everyone is pointing to the next comment from the press release: "Global merchandise has slowed inward recent months together with leading indicators betoken to ongoing deceleration inward global merchandise near-term."

Needless to say, amongst footling inward terms of warning, Morgan Stanley was shocked past times the magnitude together with severity of the cut, together with suggested that this implies a "severe global recession" is unfolding:

"We recognize that global increment has slowed but nosotros are rattling surprised past times the magnitude of the headwind, which is what powerfulness last seen inward a severe recession," Shanker wrote. “We believe global increment concerns are too probable to larn worse earlier they larn improve adjacent year, which could hateful to a greater extent than of a drag on FY20 EPS.”

Quoted past times Bloomberg, Shankar too said that the Express unit of measurement is too probable to rest an overhang, Shanker said, every bit FedEx management didn’t supply an outlook for financial 2020 or its timeline for improving the cargo airline, which has been hitting past times worsening economical weather inward Europe.

FedEx shares tumbled 7% on Midweek morning, the lowest intraday toll inward nigh 2 years together with the tenth spend upwards for FedEx inward xi days....

Well, let's update the stock price. Currently down  $22.05 (-11.92%) at $162.96.
This is 1 of the basic inputs for both fundamental-macro together with technical analysis together with is serious.
Not good.