CEO Tells All Tech is Slowing

Does this set a bottom?

MicroSoft CEO see slowing in tech. “During the pandemic there was rapid acceleration. I think we are going to go through a phase today where there is some amount of normalization in demand,” Nadella said at the World Economic Forum in Davos, Switzerland. “We will have to do more with less — we will have to show our own productivity gains with our own technology.” -By

Brody Ford January 18, 2023 at 7:34 AM CST Bloomberg.com

If they tell you it will be slow and that earnings will be lower than expected, does that set a bottom in markets?

I guess it’s a question of HOW MUCH earning and growth slow. Only time will tell.

When the largest asset allocated company in the QQQ tells you that they will make and grow less in the coming year, would that recalibrate the price of the stock and in turn lower the value of the QQQ price?

QQQ are up premarket…but VIX monthly options expire before the bell. Wait to make any trades until after 30 minutes after the market opens.

Disclaimer

This is not advice or a recommendation. Do your own due diligence and research before purchasing.