Afternoon Update

I’m not sure we’ve reached the “consolidation” stage yet. The S&P hasn’t made a lower low… (5m) And VIX displays some intraday/afternoon relative weakness… (2m) But the epicenter of selling is the mega caps, tech, and the AI names. Nasdaq-100 has made a lower low. (5m) Interestingly, considering how close we were to oversold breadth…