Market Update: Bear Flag Consolidation Takes Shape as Tech Rebounds Modestly Amid Geopolitical Whiplash

Following Friday’s sharp tech selloff, triggered by stronger-than-expected payrolls that sent yields spiking higher, traders bought the dip in semiconductors and technology stocks Monday. Friday’s move reflects the theme I’ve highlighted of an extended, frothy rally in long-duration tech names, suddenly colliding with higher rates. As has been the overarching trend, even intraday participation was…