I cannot help but noticed the divergence between SPX and the GDP.
The fact that they released the GDP numbers prior to the big tech earnings, changed my viewpoint on $AAPL, $AMZN, $FB, $GOOGL.
Now I see the valuation for these stocks to be overinflated.
My prediction is that regardless whether it’s they beat or miss - the valuation is still too high and expect a pull back soon.
The fact that they released the GDP numbers prior to the big tech earnings, changed my viewpoint on $AAPL, $AMZN, $FB, $GOOGL.
Now I see the valuation for these stocks to be overinflated.
My prediction is that regardless whether it’s they beat or miss - the valuation is still too high and expect a pull back soon.