A dovish Fed, a soft landing, tech stocks are off to the races, but wrapped up in one earnings report last night,

everything tech investors fear for 2024. What Adobe is warning.

It's Thursday, December 14th.

Welcome to the Tech Check podcast.

I'm Dearderbosa.

And I'm Mark Gilbert.

Adobe out with its numbers last night. Fourth quarter was good.

Earnings and sales remained strong, but the company signaled some issues for 2024,

and there's sort of the issues D that every tech company and every analyst and investor is

worried about for next year. Yeah and let me let me be clear here we don't mean to

be Debbie Downers because after sort of the Fed decision and Fed Chair Powell's comments yesterday

kind of set the stage for this stock market rally to broaden out beyond the magnificent seven you've certainly seen that

today right Gilbert right and if you spent the last year worried about economic growth and

you know the coming recession you would have missed out on this huge year for tech stocks.

Yeah, and it was kind of this meeting, this year round, was kind of the opposite of the year previously when everyone was worrying about rates going higher.

So yesterday what we got was a signal for potential cuts next year.

So that is just good for tech stocks right when they have higher growth and

earnings are further off in the future.

Having lower interest rates or having them stay the same provides a little bit more

certainty.

But what we wanted to focus on today is, you know, maybe a part of the market that isn't off to the races that isn't risk on like

some of those smaller growthier speculative names and they could be telling us that

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