Oversold Tech Internals Signal Meets Rising Rates, Oil Pressure & Mag 7 Earnings Week

Friday ended with 1-day oversold internals, with the bulk of the oversold dynamic squarely centered on tech, and more specifically, the AI trade/Semis. Stocks finished mostly lower Monday after giving back most of their early strength as the broader market was weighed down by higher rates, in large part driven by higher energy prices. S&P…