GOOGL, META, AMZN: Tremendous Uncertainty From Amount Of Cash On Sidelines

The biggest threat to 2023 performance is a lag effect to the Fed's sharp monetary policy change, notes Jeffrey Small. He discusses how stocks are negative as investors react to the latest regional bank weakness. He also goes over how First Republic (FRC) shares halted multiple times on downside circuit breakers. He talks about how there is tremendous uncertainty indicated by an enormous amount of cash on the sidelines. He highlights that the economy can't grow without a growing housing sector, it's the first thing to turn up or down. He then goes over his stock pick Alphabet (GOOGL) and talks about Amazon (AMZN) and Meta (META). tune in to find out more about the stock market today.