2026-08-24 · Semis Sink, US-Canada Trade War Escalates
Chip stocks led today's selloff as the US-Canada trade war went live, even as broad market breadth stayed intact and today's confirmed reversal signals concentrated almost entirely in health care. AppLovin and Amgen capture the split: a contested falling-knife bounce against Wall Street's still-bullish view, and a fundamentally strong name stretched too far after a hot summer rally.
The Signal
Stocks slipped to start the week as chip stocks led the way down, with Nvidia falling sharply into its earnings report later this week and the Nasdaq underperforming the broader tape by a…
The skinny
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