Is there a tech correction going on?
Geopolitics is taking back seat. NAB’s Ray Attrill talks about the focus on tech stocks early this week, after a strong reaction to Netflix forward guidance last week.
NAB Morning Call · NAB - The Morning Call
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Show Notes
Monday 22nd April 2024
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The magnificent seven have been taking a hit in the US share market. NAB’s Ray Attrill says the forward-guidance for Netflix wasn’t received well, and four more of th large tech stocks report this week. Meanwhile, there were further signals of delays in Fed rate cuts, whilst the impetus in Canada, Europe and the UK seems to be, if anything, moving the other way. But, assuming no further escalation in the Middle East, it seems likely that US equities might be the focus in the early part of this week.
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