Get over that tech stock obsession, quickly. 

The market is looking vulnerable to the downside in light of Facebook's (FB - Get Report) second quarter earnings meltdown. Stocks are seeing slowly momentum more broadly despite a strong second quarter earnings season, not a good sign. 

Meanwhile, Tesla (TSLA - Get Report) CEO Elon Musk must be on his A-game if he wants to prevent an earnings-driven selloff on Aug. 1. 

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