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Dow and Russell are green. Nasdaq 100 down 0.90%.
It’s not that hard to understand.
The entire memory and chip sector is feeling the pressure ahead of Micron’s earnings after the bell.
$MU -3.58%
$SNDK -4.75%
$WDC -8%
$INTC -2.20%
$NVDA -1.17%
Clear rotation out of high-beta tech into defensive/value names.
Do you think a big green candle is coming from Micron tonight?😀