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BREAKING: The semiconductor index
$SOXX
has crashed 9.65% in the last 7 days. China's CXMT announced a new memory chip that packs 50% more cells on one chip. So memory could get cheaper and US chip makers may face more competition.
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1/7 📊 MARKET MOVERS The headline index is hiding the real tape. Around 1:07pm ET, SPY was down 0.1% and QQQ 0.7%, but about 64% of S&P 500 stocks were higher and 9 of 11 sectors were green. This is rotation, not broad liquidation. 📷🧵
7/7 TODAY'S MARKET INSIGHT An index can fall while the market improves internally. In a concentrated market, breadth and equal weight can reveal capital movement before the headline S&P 500. The real test is whether new leadership survives the next catalyst.
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