Adobe Stock - ADBE - Why It Will Go Down Further

Adobe Stock - ADBE - is a solid-performing value investment. However, ADBE will likely continue lower with this economy.

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Adobe stock - ADBE - had moved much higher of the past year - most stocks have. But, lately ADBE has been selling - it is down 25% since tis peak in February. Recent guidance for revenue and profits has investors concerned. There is another thing that I am focusing on and this may be a bigger issue - the economy. The economy is firing on multiple cylinders. Incomes and expenditures are strong and continue to expand after a bit of a dip. This is pushing employment to full employment but it is also keeping prices sticky at higher inflation levels than the Federal Reserve is targeting. Interest rates continue to creep higher, and this is shifting investors out of high-flying stocks in search of more protective investments.