Overturned.
US markets were closed on Monday for Presidents’ Day after an unusually uneventful weekend on the newswires. Asian and European equities were quiet, but gold, silver and crypto all continued to skid lower and futures trading indicated a shaky open for Wall Street the next day.
The rotation out of certain tech sectors resumed on Tuesday morning and the indexes in general, but the NASDAQ in particular, stumbled out of the gate. Selected software, logistics and real estate names were still being viewed as potential longer term victims of AI and as such remained in Wall Street’s crosshairs at the…
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