Rotational Wednesday: Tech & Energy Fade as Defensives & Mega Caps Lead, Semis Sell the ASML News
Early trade is rotational. Yesterday’s leaders (Tech and Energy) are today’s laggards, while defensive sectors that sold off Monday are rebounding. Semis sold off from the open in a possible “sell the news” reaction to ASML’s strong earnings. Most Mag-7 names are higher. Mega-caps are providing solid leadership and breadth is improving, but the influential…
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