The Mother of All Bubbles will soon become visible to those who can’t see it (yet). Along with the Q1 GDP report on Thursday, four of the five largest-cap Tech companies report earnings next week.
A subscriber asked Keith McCullough how the Fed and markets will react when they recognize the severity of this economic downturn.
“Do I think the long end of the curve will go down on a negative GDP number? Absolutely. Will it get the Fed to turn tail to dovish on Friday and not do the May rate hike? I’d go with no,” explains Hedgeye’s CEO in this clip from The Macro Show.
Google and Microsoft report earnings Tuesday, Meta on Wednesday and Amazon on Thursday. The largest of all, Apple, reports May 4.
“If Apple’s down 5%, and it makes up 7% of the S&P, you do the math,” McCullough adds.
Watch the full clip above.
