PM Wrap, May 11th, 2022
After a strong morning, the market turned abruptly downward, ending the day down 1%. Crypto continued weak, with BTC breaking below the important $30,000 threshold. Tech in particular had a brutal day:
Apple down (5.1%)
Tesla down (7.9%)
Facebook down (4.5%)
NVDIA down (5.2%)
Netflix down (6.5%)
Companies without cash flow are still getting slaughtered. Carva…