The market seeks profits, not promises, as a hope-fueled bull market sputters.
The market is absolutely murdering tech stocks this year. Alphabet, Amazon, Apple, Meta, and Microsoft are down 19%, 31%, 13%, 38%, and 17%, respectively. All are underperforming the S&P 500, and they’re among the fortunate. Netflix has dropped 65% in 2022, Shopify…