Sept 17 TMTB Weekly: Tactically QQQ cautious, less excited about $AMZN, $TSLA outperformance, $MSFT CoPilot event, $AAPL mixed iPhone datpts, $MTCH double in 5 years

This article was originally published on Sept 17, 2023 but accidently deleted

Happy Sunday – it’s our two week anniversary here at TMTB and we are thrilled to hear so many enjoying what we’ve put out so far – there’s much more to come!  Before moving on below, can you take a moment to forward (or share using the button below) TMTB with any friends, colleagues, or buysiders/sellsiders you think would enjoy reading? Sharing is the best way for us to get the word out and grow.

Share TMT Breakout

Thanks for doing that!

Ok, lots to recap so let’s get to it.

QQQs finished the week dn 50bps / SPY dn 50bps / SOX dn 2.5% /$ARKK down 1.5% / Crude up 4%

On the macro front, we have the Fed on Wednesday when they will likely keep rates the same, although commentary will be more important if Powell pushes back on 2024 rate cue expectations. To us, the macro picture is succinctly summarized as follows: bulls like disinflation narrative (especially shelter component of CPI), “goldilocks” labor market pictu…