The quarterly earnings of Big Tech companies have defied everyone’s expectations but what does this mean for the common investor? Exceeding all expectations S&P 5: S&P 500 including Apple, Microsoft, Google, Amazon and Facebook S&P 495: S&P 500 excluding the companies mentioned above Source: BCA research Apple, Amazon, Facebook and Google recently announced their results on 30th July, with Microsoft announcing theirs a week earlier on 22nd July. Their results completely crushed analysts’ expectations as they continued to hold onto a constant revenue stream while other conventional businesses suffered. A prominent example would be how Amazon earned so much that they even defied their own expectations and reached a record high sales of $88.9 billion. This was much more than the $75 to $81 billion they were expecting to rake in during the pandemic.[1] Source: Tradingeconomics.com As expected, these companies do not follow the same trajectory as the economy they are in. On the same day the Big Tech companies announced their record earnings, the US economy announced...