Market Update – Mega Caps/Semis Lead… Long Duration Tech on Crash Course With Inflation?

On the whole, the day has a dullish tone with narrow leadership from Semis and Mega Caps, with some technical house-cleaning chores such as SOX filling Tuesday’s gap down. There’s some geopolitical news, but on the quiet side again, while investors hope for good news from the Trump-Xi summit that begins in Beijing today. The…