Stock market on a 'teeter totter': Investment Strategist

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This segment originally aired on April 27, 2023.
Earnings season is well underway and many companies are posting better-than-expected results. Tech earnings in particular have been outperforming Wall Street’s expectations. Meta (META) is soaring on an earnings beat, posting revenue of $28.65 billion versus $27.67 billion estimated and earnings per share of $2.20 versus $2.01 estimated. Liz Young, SoFi Head of Investment Strategy, joined Yahoo Finance’s Seana Smith and Dave Briggs to discuss how the upbeat earnings are impacting markets. “It's almost as if we've been stuck in this range. We're on a teeter totter that is stuck at perfectly horizontal," Young said. "Any piece of news that was positive, was going to send it up and any piece of news that was negative, would send it down.” You can watch the full interview here.
Key video moments:
00:00:17 Markets teeter tottering
00:00:40 On economy after earnings season
00:01:06 On sectors likely hit by economic contraction
00:01:17 On tech as a possible safe haven for investors
00:01:30 On earnings of cyclical sectors

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