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For America’s Tech Titans, Weight Of The World Gets Heavy
Tech shares weighed on equities Friday, as solid earnings from Apple, Facebook, Amazon, and Alphabet were juxtaposed with rich valuations.
Or at least that's the prevailing narrative. Although the companies logged beats against consensus on most metrics, there's a sense in which "nothing is good enough" (to quote one headline from Thursday evening) after tech's stratospheric run. Twitter's underwhelming user stats didn't help. High profile bubble calls from the likes of David Einhorn reflect se
Two ideas–If Trump wins, buy banks. Although it sounds wrong cause it might forced yields lower, the key here is that you get soft touch on regulation, which Biden threatens. If Biden wins, buy energy, traditional not green. The idea that Biden embrace MMT reflation, which means higher oil prices.