Tech Earnings Season Fireworks, Correlations And Complacency
Just a day after major averages trade to new all-time highs, stocks moved sideways on Thursday amid another earnings barrage for investors to digest. The Dow Industrials held above the 20K level, day after topping it for the first time ever (high of 20,125 today), while the S&P 500 index briefly touched the 2,300 level for the first time and the Nasdaq remains near its highs. There was an earnings overload today, on what looks like the busiest day of the quarter, with some big reports in tech coming after hours (GOOGL, MSFT and INTC). GOOGL is down 2% after hours after an earnings miss. Tonight's video discusses what to look for next from this parabolic market...
Video Length - 00:07:00
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