Market faded from its initial resillience as stronger than expected Jan job report creates question from the path forward for Fed rate hikes. Megacaps $GOOGL, $AMZN, $QCOM, $SBUX, $F and $AAPL also missed earnings estimates from friday’s earnings report.
Observed a no. of china stocks decoupling from KWEB due to their pullback with expanded range eg. $BABA, $RLX, $YSG, $BZ, $QFIN, $YMM
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6/2/2023 Market Diary & Playbook
-Indexes PB as strong Jan Job report creates uncertainty for path of rate hikes ahead
-Megacap $GOOG, $AMZN, $QCOM, $SBUX, $F, $AAPL all missed earnings estimate
-some China leaders decoupling from $KWEB resilience eg. $BABA $RLX $BZ $QFIN $BZ pic.twitter.com/Ss5YoBHY9C
— Jeff Sun, CFTe (@jeffsuntrading) February 6, 2023
