We Ask Again: What is Wrong with the Big Financial Stocks???
- The earnings from MSFT and GOOGL seem to be offsetting one another this morning. Now we wonder what a new lawsuit, some poor cloud results from GOOGL, and a surprise trip to China…will mean for the earnings reports out of META, AMZN, and AAPL.
- The stocks of five major financial institutions in the U.S. are now down 20%-30% from their 2023 highs (and trading at their 2023 lows). Yes, the tech sector is king when it comes to leadership, but what is the action in these vitally important stocks telling us abut the future landscape for the economy and the stock market here in the U.S.?