Double edged sword
The Mag 7 has driven the stock market to all time high, giving investors stunning returns. But such phenomenon is a double edged sword.
They say, water can float a boat as it can capsize it (水能載舟、亦能覆舟), therefore the same stocks can also be the culprit that drive the market down.
As lots of optimism have been priced in, so it’s no longer about meeting earnings expectations for these megacap companies, it’s about offering solid guidance and company outlook.
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Check out my weekly market analysis video if you have time:
Incoming Tech Pullback? (Stock Market Outlook - Feb 2024)
https://youtu.be/kamSrssom-A
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$NVIDIA Corp(NVDA)$ $Netflix(NFLX)$ $Tesla Motors(TSLA)$ $Alphabet(GOOGL)$ $Amazon.com(AMZN)$
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