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MacroVoices #359 Lyn Alden: 2023 Macro Outlook
Macro Voices
The Op-X Is About 16 Points in Other Direction, Which Denotes a 5.8% Move.
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The spot right now, as I speak, is around 275 on QQQQs. A 10% decline from here takes us to new lows below 250 to around 247 or so. Keep in mind that tonight, we have Netflix supporting earnings. Next week, we have Microsoft reporting on Tuesday, 24th after market lows. The heavy hitters in tech, and if these layoffs are any indication on how they're performing right now, we may see some underperformance on earnings which could see the tech sector drag lower.
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