Banks Bid, Semis Slammed Amid Momo Meltdown As Crude & Crypto Slide

www.zerohedge.com

premium-contentPremium

PREMIUM


ONLY $30/MONTH

BILLED ANNUALLY OR $35 MONTHLY

All BASIC features, plus:

  • Premium Articles: Dive into subscriber-only content, market analysis, and insights that keep you ahead of the game.
  • Access to our Private X Account, The Market Ear analysis, and Newsquawk
  • Ad-Free Experience: Enjoy an uninterrupted browsing experience.

PROFESSIONAL


ONLY $125/MONTH

BILLED ANNUALLY OR $150 MONTHLY

All PREMIUM features, plus:

  • Research Catalog: Access to our constantly updated research database (including hedge fund letters, research reports and analyses from all the top Wall Street banks)

Tl;dr: Tech wrecked (after AVGO's AI outlook miss) which exacerbated momo's meltdown, dragging Nasdaq to its biggest underperformance rel. to The Dow in 17 months. Lower oil (Israel truce) pulled yields and the dollar lower (allowing gold to rebound off key technical). Bitcoin tracked tech into the abyss.

Chips breaking bad...but dip-buyers ever-ready...

Oil