Forecasted Bounce Starts: Tech Carries Everything, Breadth Collapses

We have the start of the forecasted move, led by the Technology sector, or more specifically, Semiconductors (SOX +2.3%) and Software (IGV +7.75%), or even more specifically, Nvidia (NVDA +8.75%) and Salesforce (CRM +22.5%). Every major average closed higher, even though just 1 of the 11 S&P sectors closed green. That’s the weight of the tech sector, but…