After Microsoft earnings were announced on Wednesday, a lot of traders prepared for the worst going into yesterday’s session. Microsoft (MSFT) fell around 10% yesterday—its worst single-day drop since 2020—wiping out hundreds of billions in market cap.
Many thought the market would follow suit.
Despite how investors reacted to Microsoft earnings, the market showcased its resilience. It finished yesterday’s trading session relatively even. Yesterday’s market performance left many traders scratching their heads…but those who read in between the lines were able to find some answers.
Scott Bauer discussed yesterday’s market reaction with Oliver Renick on his Future of Finance Podcast. He shared his thoughts on Microsoft earnings, the market’s relatively steady performance, and what could have offset the crash many traders were expecting.
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Scott’s breakdown highlighted the following topics:
- Yesterday’s initial market reaction to Microsoft earnings
- How many points Microsoft accounts for in the Dow Jones
- If META’s earnings helped prevent a negative market reaction to Microsoft earnings
- Why Scott believes Capex could play a big role in big tech earnings
- The big tech stock with upcoming earnings that Scott thinks could be primed for a breakout
Last day of Charlie Moon’s Open House…
If you haven’t already, today’s the last day to jump into Prosper Trading Academy’s first ever Open House!
This whole week, Charlie Moon gave traders free access to his Momentum Stocks Live Trading Room.
Many got their first taste of trading with Charlie during market hours…
Received his Live Trade Signals in real-time…
And experienced our new Virtual Trading Floor® technology firsthand.
Today is the final chance to take part before the Open House closes.
