MBCC TH 28th April'23 - "The market is ALL about Technology, Amazon took the wind out of its sails!"

So AMZN 0.00%↑ started up strong smashing expectations across the board, stock was up 12% at one point, only to give it all away into conference call when CEO spoke about softness/cautious spending on Cloud, ouch! Such is the barometer for Tech stocks or the large 7 names, there is 0 margin for error as all are hiding in them as though they are US bonds/money market funds, but it is important to remember they are just Equities and effected by the same slowdown/recession/margins!

Oil price down to pre OPEC cuts, why? What is driving Oil. Hint: OPEC can do nothing about it for now. We discuss demand/supply outlooks in the next 3 months.

All eyes on Fed FOMC May, what is rates/bonds telling us?