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SQLV - Mixed Earnings Meet Market Rally: A Stock Investor's Take
Legg Mason Small-Cap Quality Value ETF
Summary
Fourth-quarter results showed consumers balked at higher prices.
Together, Google, Amazon, and Microsoft command roughly three-quarters of the cloud market and we find the soft results for all three to be a potential canary in the coal mine for the economy.
We expect the focus to shift from the macro picture to company fundamentals once greater clarity emerges around the Fed’s rate path.