TMTB Weekly: Shifting Narratives and inflections in AMZN, RBLX, and NFLX

Another busy week in the Tech. The last month has been an especially exciting time with plenty of market and stock shifts — really hard to keep up with everything going on. That’s not to mention that it seems like there is no longer an off period for earnings in Tech - every week seems to bring a set of important prints. We’re just 1 person here so we can’t cover everything going on, but as always we’ll try to focus on fruitful and actionable items to cover without losing sight of what the current zeitgeist in Tech is.

Not much new to say on the macro: everyone is bullish and the market is going up. The macro set up continues to be favorable with robust growth, disinflation, Fed steady on their easing cycle, and Tech earnings coming in better than expected along with a new administration that is likely to be more business friendly. NFP yesterday likely confirmed the 12/18 cut and odds of the cut hover around 85%.

If you had to put on a bear hat, you’d probably say near-term many…