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USD Tech Equities: Square Rallies and Arkk Struggles | tastytrade clips

USD Tech Equities: Square Rallies and Arkk Struggles | tastytrade clips

DailyFX, Research


"The larger issue, longer term, is to what extent does aggressive Fed tightening slow growth and slow spending? And to what extent does it also encourage a shift generally in the direction of safer shares and hurt new economy and tech shares as a group Not necessarily square specific, but as, if you will, a carve out of the equities space as a whole" -Ilya Spivak

Amidst Square's 20% rally last week, Chris Vecchio, Ilya Spivak and Daniel Dubvraski breakdown the company's earnings and the macro outlook for tech stocks as a whole.

Square proves to be in interesting winner. So long as consumer demand continues to be strong in the face of USD inflation, the payments processor stands to benefit.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.