The Great Rotation Out Of Tech Continues

Written By Timmy Adami

July 17, 2024

MRKT Matrix - Wednesday, July 17th

  • Nasdaq drops nearly 3%, Dow industrials gain as investors continue rotation out of tech stocks (CNBC)

  • US Floats Tougher Trade Rules to Rein In China Chip Industry (Bloomberg)

  • Trump on Taxes, Tariffs, Jerome Powell and More (Bloomberg)

  • Retail investors in AI stocks may get burned like they did in past bubbles, says Bank of America (CNBC)

  • Early Tesla Backer Debuts Funds Tied to Musk’s xAI, SpaceX (Bloomberg)

  • US single-family housing starts hit eight-month low; green shoots in manufacturing (Reuters)

  • Taylor Swift May Have Killed an August Rate Cut (Bloomberg)

Timmy Adami
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