39 days ago • Posted by Paul de La Baume
#Markets on standstill before Big Tech earnings? $QQQ $AAPL $GOOGL $MSFT
Markets have had a good run so far this year, led by tech giants. Markets have cheered the enormous cost-cutting initiatives amongst tech giants and pivot to a focus on profitability. Monday marked the lowest volume for the S&P 500, as investors await to see the results of Microsoft and Alphabet in after-hours on Tuesday. Tech typically leads the market (higher or lower), so investors are waiting to see where is tech headed next. Going into this earnings there are 3 important elements: (1). 75% of firms are beating earnings so far (positive). (2). Bearish positioning in S&P 500 futures is enormous (positive). (3). Volatility has come down by a lot (Some will say this is positive suggesting a bull market, but it also means it leaves markets more vulnerable (slightly negative).
