00:00 Speaker A
Uh let’s throw a minute on the, uh, shot clock, so to speak, ’cause I got a bunch of stocks of the day. I want to get into here, and they all have something in common. The weekly losses are starting to pile up in a very big way. And these are three stocks that you know and love, or often love very much. Microsoft, down for eight straight weeks, uh, eight straight weeks of declines for Microsoft. Amazon, seven straight weeks of declines. And then Tesla, the big whopper here, uh, nine straight weekly drops, the longest on record. Uh, and then, and what these stocks are doing in March is even uglier. Tesla shares down 18%, Amazon shares down 8.5%. Microsoft doing reasonably okay. That stock’s down down about 3%. Why are these stocks having bad months? You’re seeing a broader selloff of tech as investors question the demand for AI, question tech valuations. You’ve seen a rotation into healthcare and other safe haven stocks as the market has gotten more uncertain. That VIX has popped. People are confused about, uh, policy from the Trump administration. Wrap all that up. That’s why you’re seeing pressure in the MAC 7, and Microsoft, Amazon, and Tesla most notably out of time.
