Today Is a Make-or-Break Day for the FAANGS; Here's What to Do
July 30, 2020 at 05:00 AM EDT
Markets, equity markets in particular, are at a vulnerable place, today and the rest of this week. That's because the Mega-Cap Tech Darlings that have led the market higher are all at a similar inflection point - live or die, up or down. What happens, which we'll find out before Friday's close, could delight or devastate markets. Yesterday, the CEOs of Apple, Amazon.com, Facebook, and Google - whose companies are all under federal scrutiny - testified before the House Judiciary Antitrust Subcommittee. That the pandemic meant the whole thing was done via videoconference is just a footnote. Whether our antitrust laws, which were mostly passed or amended between 1890 and 1976, are adequate to address these 21st century questions and practices, is a story for another day. Amazon's Jeff Bezos, as The Washington Post noted, hadn't appeared before Congress before, though Mark Zuckerberg, Tim Cook, and Sundar Pichai of Facebook, Apple, and Google are old hat at this by now. What was said isn't necessarily important - or anything we haven't heard before in one form or another. It's what happens next - today - that could get interesting... Full Story The post Today Is a Make-or-Break Day for the FAANGS; Here's What to Do appeared first on Money Morning - We Make Investing Profitable . It's what happens next - today - that could get interesting... Tags: Technology Article To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.