Last week was a wild one. Given we’re not in a period of acute crisis, and that the market finished higher on the week, the swings from Wednesday to Thursday to Friday were especially pronounced, even before you throw in Monday’s comeback rally. The triggers to those moves? At least on the surface, big tech earnings.
To figure out what’s happening there and what these outsized moves say about the companies involved and the market as a whole, Akram’s Razor and Daniel break down Google, Amazon, and Facebook’s earnings. We talk about the market set up, whether this is as good as it is going to get for these companies, and why no one predicts a massive growth slowdown in their compounding business line.
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