Market Volatility Persists Despite Big Tech Earnings Wins; Bullish on Microsoft, Alphabet

Market volatility and sell-offs have been frustrating despite positive earnings from big tech companies like Microsoft and Alphabet. Technical factors may be contributing.

Macro concerns like potential recession and changes in consumer spending are also weighing on the market. But we remain bullish on big tech.

We like Microsoft, Alphabet, Chipotle, and Altria as buys. Altria has raised its dividend for 54 straight years.

Leadership must come from big cap tech and large cap growth. Other sectors don't provide enough foundation for markets to move higher.

We may need a market washout before it can resume moving higher. We're still bullish on equities but the market has been frustrating.