Cleaning out the House..
Some late thoughts today.
To me it is refreshing to see the stocks of Snowflake, CrowdStrike, Meta, Apple, and Salesforce get taken behind the woodshed and get a little common sense. Now the markets can get started in dealing with the FED overtightening aftermath.
It was good to see today’s Atlanta FED GDPNOW update show positive growth of 2.8 %. This is down from the prior reading but much above the consensus view of most economists.