Market Correction
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A Reality Check for the AI Hype
While no single catalyst drives a market correction, Friday’s pullback was symbolic in magnitude to temporarily cool off the hype, particularly within AI-related segments. The numbers speak for themselves: the Nasdaq slid 5% while the SOX plummeted 10%, marking the deepest single-day correction since March 2020. Deconstructing the Sell-Off The catalysts, as commonly quoted in… Continue reading
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Navigating the Bull Market Breather
The major indices, SOX, Nasdaq and S&P , are currently paring back from their recent record highs. While headlines attribute the recent US market sell-off to the latest inflation readings, the tape suggests a more technical driver: the market simply became extended after the SOX surged 70% with only brief pullbacks in between. The Macro Noise vs. Technical Footprints… Continue reading