The First Shoe Has Dropped

GOOG and TSLA reported earnings and the reaction was negative.

PRE-OPEN MARKET COMMENTS THURSDAY - This morning the S&P 500 is trading below the 50-day MA and the low of the week after the first round of mega cap tech earnings. Revenues were good, but capex spending is taking a huge bite out of profits. TSLA and GOOG plan to continue investing in AI and that has investors nervous.

Daily Bulletin Continues...