Sector divergence is extremely brutal. The Dow blue chips that previously led to new highs have become the hardest hit, with American Express and Boeing leading the decline. Money is fleeing wildly. The Nasdaq fell more than 1% at one point last night,


only thanks to Nvidia's counter-trend surge of 3.6% holding it up. Interestingly, Nvidia has fallen too much recently, only up 6% year-to-date, far behind Sandisk and Micron. In the big divergence of chip stocks, it has instead become a safe haven for defensive funds.
In addition, the just-released Fed minutes also added a blow. The minutes show that if inflation remains high, officials generally agree that rate hikes are needed. The shadow of rate hikes, coupled with resurgent oil prices.

#特朗普宣布美伊停火结束
AXP3.18%
BA-0.53%
NAS1001.61%
NVDA-0.64%
SNDK11.14%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
Add a comment
Add a comment
招财锦宝
· 11h ago
Firmly HODL💎 Firmly HODL💎 Firmly HODL💎 Firmly HODL💎
View OriginalReply0
Furuixianghe
· 11h ago
Firmly HODL💎 Firmly HODL💎 Firmly HODL💎 Firmly HODL💎
View OriginalReply0
  • Pinned