Next week we'll be at the tail end of earnings season. It's been a blast, at least until this past week when we got some iffy news about trade.
Analysts need to recognize this shift in the banking markets.
We have to own that it was a bad day for the bulls and that it's perfectly realistic to expect a few more until the facts get more positive.
CMG reported fantastic numbers on Wednesday night, with a colossal 6.1% comparable-sales figure coupled with healthy margins.
When you have a bunch of these in one day, you can move whole sectors and, to some degree, the market itself.
This quarter will be known as the quarter where you had to pay the piper to get sales and the piper happens most often to be Alphabet's Google.
Do you own stocks of companies whose products people will pay more for because they think they are prestigious?
Alphabet's investors' call highlighted the challenges that the digital retail and tech giants are facing, right now. They can't seem to please anyone.
They are still so much lower than they were before Jay Powell went wayward.
I think this truly defines what has gone on with tech stocks since the latest reporting period began.