Kevin Simpson explicitly stated that "MEGACAP TECH EARNINGS ESPECIALLY LIKE THE MICROSOFT AND GOOGLE'S WILL BE VERY STRONG." Strong earnings from these companies are expected to contribute to a positive market setup, supported by technical factors like the S&P being above the 200-day moving average. LONG direction due to anticipated earnings strength driving stock performance, aligning with a bullish market view. Earnings disappointments or broader market deterioration from geopolitical tensions or inflation could negate the thesis.
MSFT
GOOG
CNBC
Apr 10, 20:46