The tech sector is in trouble… IF you don’t know this red-hot strategy (84% win rate) for trading tech chaos. I’ll be hosting a LIVE broadcast today at 1 PM EST to reveal all. Claim a free RSVP right here.
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Wednesday, February 5th
“When the war of the giants is over the wars of the pygmies will begin.”
-Winston Churchill
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Markets Today
🌏 Asia-Pacific: Down
🇪🇺 Europe: Down
🇺🇸 United States: Down
🛢️ Oil: Down
⚡Crypto: Down
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Major Market Events
- US trade gap widened sharply in rush to beat Trump tariffs
- Vanguard’s Record Fee Cuts Tighten Screws on BlackRock, Invesco
- Tesla sees German car sales plunge in January
🤔 My Thoughts
Tech ugliness continues as Google (Alphabet) is in the crosshairs on weaker earnings.
It actually beat estimates, but the company fell short on its important cloud segment revenue. The company also dramatically expanded its capital expenditures for the year ahead, from $57.9 billion to a planned $75 billion.
The fact is that tech giants like Google and Amazon and Microsoft rely enormously on their cloud storage businesses, which require huge capital investments to spin up – but once multiple companies have them, they’re really a commodity.
And one giant customer for large scale cloud storage seems to be cutting costs and contracts aggressively…
The US government under Elon Musk’s “DOGE” efficiency push.
So we may very well see a race to the bottom among these tech giants as commodity services like cloud storage face downward pricing pressure.
This is not bullish for tech stocks…
Which is why I’m hosting a special live broadcast today at 1 PM EST about how to target weekly profits from big tech… when conditions are chaotic and bearish. You can claim a free RSVP right here.