Morning Note | May 24, 2022

Good Morning!

Futures are lower this am erasing yesterday's gains and mrore.  SNAPs weaker guidance are pressuring tech today with Facebook down -6.5% pre-market.  Tesla is down another -2.7%, AAPL -1.8%, GOOG -3.9%, and MSFT -1.3%.   This continues Tech’s underperformance with NASDAQ almost doubling the SPX’s loss over the last 3 months and FANG 2.8x th…