JPM Warns Amazon and Google’s Blockbuster Results May Have Marked the Top

from Zero Hedge

Earlier today we reported that traders were “on edge” ahead of today’s earnings reports by giga-cap tech giants Google and Amazon, because in a “perverse” market such as this one, where even solid beats are punished, a disappointment by either of the two companies could have led to a broader market selloff. We now know, of course, that both companies reported blowout results and the real highlights wasn’t the two FAAMG giants’ Q4 earnings but rather the departure of the world’s 2nd richest man, Jeff Bezos, from the helm of his company.

For those who missed it, here is a breakdown of the results (via JPM):

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