Major companies like Broadcom can destabilize entire markets when their forward-looking guidance is weak, even if they report strong earnings, because fear-driven selling can erase weeks of market gains in just days.
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Broadcom Earnings: Market Stability at Risk? #shortsAdded:
If you get a mesh on a name like Broadcom, which is one of those leading names, you start taking a leg out of a three-legged stool, which is the uh current condition of the overall markets, you're going to have a major problem.
Because if a major name like Broadcom they could have great earnings, but if their forward-looking guidance is not stellar, [snorts] then they could be in all sorts of trouble and it could take the market down with it. So, I always like to say what takes uh weeks to build in a bull market only takes days to take away because of fear. And we're not seeing a volume on this market that's telling us that we have institutional demand.
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