Lets' see what today brings beyond the Macro Data:
Continuing Jobless Claims
Core Durable Goods Orders (MoM) (Dec)
Core PCE Prices (Q4)
Durable Goods Orders (MoM) (Dec)
Durables Excluding Defense (MoM) (Dec)
GDP (QoQ) (Q4)
GDP Price Index (QoQ) (Q4)
GDP Sales (Q4)
Goods Orders Non Defense Ex Air
Initial Jobless Claims
Jobless Claims 4-Week Avg.
PCE Prices (Q4)
Real Consumer Spending (Q4)
________________________________________________
Peak EPS and Consumer Savings are weighing heavily on the
Tech Space.
MSFT Reported strong EPS. It took forward Guidance to
save it from further correction.
Problem is... Margins will shrink and everyone knows it.
_________________________________________________
The NQ remains Extremely oversold... and yet it has no
Wind for its sails as of yet.
Apple Reports, can't be good with the CCP turning Chinese
Consumer away from Apple... "Buy MAde in China, Buy China
Only"
Adios iMob.
and there's the Chip Shortage... now extending to 2023.
Continuing Jobless Claims
Core Durable Goods Orders (MoM) (Dec)
Core PCE Prices (Q4)
Durable Goods Orders (MoM) (Dec)
Durables Excluding Defense (MoM) (Dec)
GDP (QoQ) (Q4)
GDP Price Index (QoQ) (Q4)
GDP Sales (Q4)
Goods Orders Non Defense Ex Air
Initial Jobless Claims
Jobless Claims 4-Week Avg.
PCE Prices (Q4)
Real Consumer Spending (Q4)
________________________________________________
Peak EPS and Consumer Savings are weighing heavily on the
Tech Space.
MSFT Reported strong EPS. It took forward Guidance to
save it from further correction.
Problem is... Margins will shrink and everyone knows it.
_________________________________________________
The NQ remains Extremely oversold... and yet it has no
Wind for its sails as of yet.
Apple Reports, can't be good with the CCP turning Chinese
Consumer away from Apple... "Buy MAde in China, Buy China
Only"
Adios iMob.
and there's the Chip Shortage... now extending to 2023.