MBCC TH 26th October'23 - "Why are the mighty Megacap Techs falling if they beat on EPS? Paging soft landing narrative!"

When companies report EPS and revenue beat, yet sill fall, that is a worrying sign! Well, it is not just about earnings today but what they will be tomorrow! And most of these companies at 40-50x + multiple, that is a tall order if you have any hiccups or uncertainty around your outlook.

We have been saying why the higher for longer will eventually bite the Techs, and now with everyone and their mom long and holding for year end rally, charts are breaking!

US banks are imploding, CRE / REITs getting hit - what can happen next?