Morning Note | July 22, 2022

Good Morning!

Markets are down a bit following a weaker-than-expected PMI figure for July - with services falling into contraction territory. This is the weakest since May 2020. MegaTech is weaker today possibly signaling the end of the rally. SNAP is getting crushed but Google and Meta are also seeing weaker shares. Micron and Seagate are leading the wa…