To The Moon

$Alphabet(GOOG)$ 

$Amazon.com(AMZN)$ 

$Meta Platforms, Inc.(META)$ 

$Tesla Motors(TSLA)$ 

All eyes will be on the big techs as Microsoft, Alphabet, Amazon and META Platforms are expected to report their latest earnings results this week, followed by Tesla in the week after next.

With earnings bars low for the latest earnings reports on the back of slowing global demands after relentless rate hikes by major central banks around the world to rein in decades-high inflations, I’m cautiously optimistic of earnings beats when the big techs announce their latest quarterly results.

At the same time, there has been rising market consensus of the Fed nearing the end of its rate hiking cycle, so that hopes are rising for at most another 1-2 modest rate increases before the Fed pauses to monitor the effects of its previous hikes, as they propagate through the economy and bring the inflation nearer to its long-term target of 2%.

Such will be welcomed by the tech sector which is highly sensitive to interest rates due to the dependency of tech companies on borrowing to finance growth, and valuation of their distant incoming cash flows.

Hence, I’ll continue to be long-term shareholders of the big tech, while I await their price weaknesses to add.

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