Microsoft had strong earnings but its stock price has become volatile, ending up red.
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The creator discusses rising oil prices and their impact on the economy, noting that oil prices have hit their highest level since the Iran war. He also touches on the US 30-year yield reaching 5% and the Federal Reserve's stance on interest rates. The creator mentions the performance of several tech giants, including Google, Amazon, Meta, and Microsoft, highlighting their recent earnings reports and stock movements. He expresses concern about the disconnect between market highs and the struggles of the average American, suggesting a market correction is overdue.
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Meta's stock is down due to investor concerns about overspending on AI development, despite exceeding earnings expectations.
Amazon also performed well on earnings but is currently giving back some of its gains.
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