Meta (previously Fb) dropped -23% on Thursday after a disappointing earnings name.
It is now down -70%(!) year-to-date.
Amazon fell -8% yesterday. It is down -37% YTD.
Google & Microsoft each dropped -8% after their earnings calls this week. They’re down -29% and -25% for the 12 months, respectively.
The FAAMG complicated has propped up the most important indices to this point throughout this tough 12 months for shares.
However now that they are starting to stumble, will they take the markets down with them?
For all the pieces that mattered to markets this week, watch this week’s Market Recap that includes Michael Lebowitz.
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