Earnings Disappointments Put Market in a Struggle

(10/27/22) Meta's disappointing earnings report sets markets up to struggle through today's open; the money side of the business was okay, and Meta's base of users was similarly okay; what worried Wall Street was Mark Zuckerberg's dogged agenda of spending, all-in on the fledgling "metaverse." Investors now wondering where the value is in this company. More earnings disappointments from Google and Microsoft yesterday put markets in a position to have to struggle today to overcome the 50-DMA; Apple and Amazon report tonight, and good news from either company would serve to bolster the mood on The Street. What markets need to do is hold the 3,800 level and rally beyond, which would get us to 4,100, the high point of the year. November brings a reprieve from corporate earnings, but Fed activity and the mid-terms will continue the shape the mood of investors.
Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO
Produced by Brent Clanton
--------
Get more info & commentary:
https://realinvestmentadvice.com/insights/real-investment-daily/
-------
Watch the video version of this report by subscribing to our YouTube channel:
https://www.youtube.com/watch?v=et9eMhVM24g&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1
-------
Visit our Site: www.realinvestmentadvice.com
Contact Us: 1-855-RIA-PLAN
--------
Subscribe to RIA Pro:
https://riapro.net/home
--------
Connect with us on social:
https://twitter.com/RealInvAdvice
https://twitter.com/LanceRoberts
https://www.facebook.com/RealInvestmentAdvice/
https://www.linkedin.com/in/realinvestmentadvice/