META had good run, lasted two months. A severe pullback is expected. -2% to -2.6% possible. Next week Fed talks. No rate cuts for a while. And unemployment will slowly increase as AI takes over tech jobs and other jobs. And all that credit card debt, student loans, CRE loans, etc.
What I find astonishing is that Mark Zuckerberg has betrayed the world population by nefariously selling their information without permission, yet there's no media attacks to clean up his act. Users try to create new accounts, the new accounts are suspended within hours of the creation and meta expects people to supply a photo ID to unsuspend the new account but the account is never activated and who knows where the information from our photo ID is going. Anyone who invests in such a criminal scheme will inevitably meet their maker and have to answer to him. It's going to get bumpy pretty soon. Feb is usually not a great month for stocks.
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