Amazon Falls, Robinhood Tanks: Is the Growth Stock Rally Over?
In one day, $110 billion was erased from Amazon.com (Nasdaq: AMZN)’s market cap following a less-than-stellar earnings report. Just before that, Robinhood (Nasdaq: HOOD) had the worst debut ever for an initial public offering (IPO) of its size.
So … is the party over for growth stocks?
Today, Ted and Clint look at the evidence and tell you what you could expect.