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Another day of rotation out of tech
Source: Daily sp500 heat map by Finwiz
Since the April 8 low, the SP500 has rallied by 30%.
This is powered by a 50% surge in Mag7 stocks, while the rest of the S&P 500 members gained 21%. Source: Augur Infinity on X
On this day in 2004: Google went public at a valuation of $23 billion.
Today, it’s worth $2.5 trillion. Source: Jon Erlichman @JonErlichman on X
Nasdaq and Bitcoin often trade in the same direction
Source: www.zerohedge.com, LSEG workspace
Stocks and rate-cut expectations have decoupled significantly since the start of the Summer... will they start to move in sync after Jackson Hole ?
Source: zerohedge
Very interesting session in Wall Street yesterday Since 1996, only two other days have seen stronger S&P 500 breadth paired with a bigger loss.
Source: Duality Researchv@DualityResearch
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