Interesting disconnect between the bullish 8000 S&P target and the weakening macro data. If payrolls come in near 60k and consumer spending keeps slowing, earnings growth expectations may need to be revised lower. The AI capex cycle is still supporting markets, but eventually investors will want to see productivity gains translate into revenue and profits rather than just spending.
Indexes Flat Tuesday — Meta and Tesla Report Tonight. Which One Holds the Key?
U.S. equities diverged Tuesday: S&P 500 +0.28% to 7,712.57, QQQ -0.10% to $717.63. Netflix fell over 5% after hours on a Q4 revenue guidance miss, adding pressure to tonight's slate. Meta and Tesla both report after the close — the two dominant AI monetization stories, digital advertising and autonomous driving. Meta's ad revenue growth rate or Tesla's automotive gross margin: which are you watching when results drop tonight?
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