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LongPort Morning Brief (240423)|Major U.S. stock indices rebounded overall on Monday, with Tesla falling for seven consecutive days, matching its longest losing streak record.
Although Tesla has fully declined, the big three - Meta, Microsoft and Google - will be more nitpicky about their performance under the tightening of short-term liquidity mismatch. Especially since the beginning of the year, the US dollar has not fallen but risen, which is not good news for these three software giants with nearly half of their revenue overseas, as they need to convert non-US dollar assets into US dollar-denominated ones.
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