The dip buyers won yesterday but today it’s the sellers in charge. The weakness in equities has extended after Powell, despite what I thought were some fairly-dovish comments.
The driver seems to be technology with Nvidia and Amazon both down about 2.5% in what’s likely a round of profit taking. The circular spending and investment paths with Nvidia, OpenAI and Oracle is something of a concern.
This article was written by Adam Button at investinglive.com.