S&P on Track for Worst Week in 3 Months 07/19/24

The podcast dives into the fallout from a massive IT outage caused by Crowdstrike, affecting stock prices and prompting concerns in the cybersecurity realm. Discussion shifts to upcoming tech earnings, with major firms like NVIDIA and Amazon under scrutiny. Disappointment in earnings reports has caused a downturn, especially in financial stocks. The committee explores investment strategies amidst this turmoil and considers potential opportunities in cybersecurity and biotech sectors, emphasizing the importance of market adaptability.