Morgan Stanley's Slimmon on Tech Stocks: 'Be Careful'

The video discusses the current state of the tech market, highlighting the NASDAQ's performance and the impact of last year's earnings on stock prices. It also covers significant job cuts in major tech companies like Meta, Salesforce, Alphabet, and Microsoft, and how these companies are adjusting to economic downturns. The discussion emphasizes the importance of management's ability to pivot from perpetual growth strategies in response to changing economic conditions.

What does the statistic about the S&P's performance during down earnings years imply?

In what way did management's willingness to pivot affect stock performance?