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On the SPOT blog (07/22/2022) [U..]

Updated: Aug 30, 2022

US markets did an 'Aw, Snap' today and all major US indices closed the day in red. The effect of SNAP's results were particularly rough for META and GOOGL. It will be interesting to see these on Monday to check if this was overdone or the sentiment continues. Then, GOOGL reports on Monday or Tuesday (I think after markets close). GOOGL has had a rough year so far that seems to be emphasized by the fact that it didn't seem to get the "love" after its recent stock split (like the one witnessed when TSLA and AAPL did their stock split). Unless GOOGL lifts itself and the markets after it reports its results, next week might present even more turbulence for it as focus would soon be on Federal Reserve's rate hike decision on Wednesday. Speculation might soon start about 0.75 vs 1.0 percent rate hike that might add to earnings season volatility. Next week also has many big tech and many big companies' results so it sure might clarify on the state of the economy.

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