Early Update -Mega Caps/Semis’ Relative Strength Fades

12:22 p.m. ET This morning’s tone has more of a low conviction, risk-off feel. Growth style factors (+0.3%) have a modest edge over Valve (-0.2%). Mega Caps’ notable leadership from yesterday has waned once again. Semis provided solid support to the market yesterday after a batch of tech-related earnings came in better than expected, but…