Microsoft and Alphabet earnings are signaling one thing: A lot of bad news has been priced in

Well, that covers just about … everything. Microsoft earnings release cited a litany of issues: unfavorable foreign exchange, extended productions shutdown in China, a deteriorating PC market in June, reductions in advertising spending and scaling down Russian operations. It left out frogs, boils, locusts, lice and hail, so the press release does not quite rise to the level of biblical disasters, but you get the point.

Link: Microsoft and Alphabet earnings are signaling one thing: A lot of bad news has been priced in
via http://www.cnbc.com

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