From Collision Course to Crack: Tech’s Intensifying Price Volatility

Monday’s price action, market internals, and volume strongly suggested that the rebound off Friday’s selloff was the start of a bearish consolidation, not genuine dip-buying strength. That said, even I underestimated how weak the session truly was. I had expected the averages to consolidate in bear-flag patterns through Tuesday and into Wednesday’s CPI release. Stocks…