For today's newsletter, I caught up with some finance pros over the weekend to get a sense of what we can learn from last week's earnings disappointments.
Tech earnings were a huge disappointment and analysts don't see much relief on the horizon.
"The common thread between the mega cap tech earnings reports this week is the companies' unwillingness to cut costs aggressively ahead of an economic slowdown, in spite of investor expectations," he said.
What was your biggest takeaway from last week's Big Tech earnings?
On the company's earnings call, its CFO said the surging dollar has cost Amazon more than $900 million more than expected.