Tesla (TSLA) broke its mini wedge pattern last week, notes Gareth Soloway. He tracks TSLA's technicals as the stock falls post-earnings. He also talks about iShares MSCI Brazil ETF (EWZ) which is one of his favorite long-term trades. He then goes over how Microsoft (MSFT) and Apple (AAPL) will see valuations decrease. He mentions how he remains very bearish on the macro based on the fact that the Fed has told us that there is a mild recession coming. He discusses how TSLA is telling investors that their margins are shrinking, they've had to cut price 6 times just in the last couple of months and investors have to take that for that it's worth. Tune in to find out more about the stock market today.
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