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Even Big Tech faces a reckoning to justify 2023’s huge rally
Carnival Corp.’s quarterly beat failed to placate investors — a hint of tension ahead as second-quarter earnings season arrives.
Photographer: Jeoffrey Guillemard/BloombergBy
Lisa Abramowicz
Surveillance often debates the relevance of the phrase “data dependent.”
You could paint almost any narrative you want based on 2023's different (and divergent) economic indicators. But within the next month, arguably we'll get the most important data of the year: corporate earnings, particularly from the tech giants leading the current rally. Based on some early corporate reports, any disappointments will be severely punished.
