Michael Burry warned us that big tech stocks like META (Meta Platforms stock), AMZN (Amazon stock), Google (GOOG stock) and Microsoft (MSFT stock) would collapse. It was pretty easy to dismiss Michael Burry’s warning, since the S&P 500 just rallied 7% after big tech earnings. And the NASDAQ did even better. Well, it turns out that Michael Burry’s warning wasn’t so crazy after all. He was just early, making the call right before Jerome Powell and the Federal Reserve kept raising interest rates, which drastically changes which stocks are the best stocks to buy now.
📝 Resources & References 📝 Big Tech falters on dreary earnings and forecasts for Q4— Meta has worst week ever, Amazon tumbles 13%
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