Bank Earnings Up First, But the "Guidance" from the Tech Sector is Still the Key
There are some strong similarities today to the situation from 12 months ago.
Another benign reaction in the markets to the ramping up of hawkish comments on the tariff issue.
In 2024, the tech stocks rallied VERY strongly from April to July…and thus the expectations for their earnings guidance were sky high. This is exactly what we’re looking at today. The momentum is much stronger this time around, however…so this could help us avoid a repeat of last summer’s reversal in this sector.
The Boston Red Sox have won 10 games in a row. That’s GOT to be bullish for the markets…right?
Keep reading with a 7-day free trial
Subscribe to The Maley Report to keep reading this post and get 7 days of free access to the full post archives.