Tag: earnings report

(4 August 2020) US stocks have continued to defy gravity in recent days despite a 32% decline in GDP and a disturbing rise in Covid deaths.  Last week's strong earnings reports from Big Tech confirmed what many already knew: that Apple, Facebook and Amazon are the only stocks holding up the market.  While the rest of the market is lagging badly, Apple and the other tech titans remain in a relentless bull market, fueled by the demand of a population held captive by the coronavirus. Therefore, the stock market...