You haven´t been around for the Dot Com bubble, the Great Financial Crisis and so forth, have you? Downward spirals tend to overshoot..... Don´t underestimate the FULL POWER OF THE ALGO RETARDS
Despite these misses from the megacap tech titans, the earnings season overall is off to a strong start. More than 25% of S&P 500 companies have reported their second-quarter earnings, with roughly 80% of them topping expectations, according to FactSet data.