Weekly Update | Big Tech Triumphs, Consumer Cracks | May 1, 2024

Earnings season has separated the winners from the losers in the economy. The winners? Pretty much anyone in big tech like Meta, Amazon, and Google. Businesses that are not doing well are anything consumer-facing, like Starbucks, McDonald’s, and Tesla. We see the consumer being pressured, will there be a solution for this trend in the market?