Investors are edgy and nervous. That tends to mark the beginnings of rotation. |
It does appear that companies are trying to manage expectations. It's hard to really decipher what's really bad news. |
These are great conditions for companies to guide lower in. |
This has been a phenomenal year for tech stocks and a lot of people want to lock these gains in and ride this out. |
This is all in keeping with the general thesis that we're in the beginning stages of the economic cycle. |
This is something to be concerned about. I don't think investors have been particularly cautious just yet. |