US Stocks Record High with Record Retrenchment, What's Happening

In January alone, Microsoft, Google, Meta, and other tech companies have collectively cut more than 21,000 jobs. Furthermore, last year marked one of the worst periods in recent memory, with approximately 260,000 tech professionals losing their jobs.

Normally, we expect to see cost-cutting measures during a contraction stage, as was the case during the Dot-com bust, rather than during a period of growth like today. So, what is currently happening?

My name is Kon How, my work in this channel, as always, is to study behavioral science in finance, discover correlations between different markets, and uncover potential opportunities.

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