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We all likely remember the classic hit “Who Let the Dogs Out?” When I saw the slide in Airbnb’s (ABNB) stock price a day after its quarterly earnings release on Aug. 6, my first reaction was “who let the air out?”
This is the latest example of what today’s stock market does during earnings season. It is unlike anything I’ve seen in my decades of investing. I’m a chartist, strategist, and above all, a risk manager, so the circus that is quarterly reporting from public companies is something I monitor, but go nowhere near.
