Happy Sunday – hope everyone is enjoying their weekend. Thanks to everyone who continues to read and share TMTB – we’ll do our best to continue to provide value to our readers as we get into the heart of earnings season.
A lot to cover today. Here’s what we’ll dive into:
Bigger picture thoughts – we revisit our short call from last week and stay the course
Thoughts on last week’s earnings and key earnings quotes from NFLX, TSMC, and TSLA
Earnings previews: We dive into GOOGL, MSFT, META, and AMZN
Surveying the Tech Landscape – we’ll get into sentiment/positioning across Internet and SW
Tables/Screens
Let’s get to it:
Bigger picture: We stick with our short QQQs call
Last week, we wrote at length about turning cautious on the QQQs (for new subs, read it here). This week the QQQs fell 3%, ARKK fell 4.5%, and the SOX fell 4%. The main reasons for our cautious stance:
1) we began witnessing negative price action as stocks weren’t rallying on good news and getting hit harder than expected on ba…
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