Selling, but Contained to Tech/Mega Caps

1:40 p.m. ET Friday is seeing continued weakness in mega cap and growth stocks. Both the S&P and Nasdaq-100 are testing their 50-day moving averages, while Small Caps look to have broken more definitively below the 50-day. The AI narrative is being questioned, as covered in some detail yesterday with OpenAI’s number 2 (CFO), suggesting…