WS #16667
Holding: newest synthesis is 9d 7h old
US equity futures are showing weakness in mega-cap technology, with Google and Tesla giving up key technical levels ahead of earnings reports. Citi has officially given up on the hyperscaler and big tech trade, citing valuation concerns. This marks a shift in sentiment from the previous 'tech rally' narrative, with investors becoming more selective and defensive.
US Tech Earnings and Selloff
US equity futures are showing weakness in mega-cap technology, with Google and Tesla giving up key technical levels ahead of earnings reports. Citi has officially given up on the hyperscaler and big tech trade, citing valuation concerns. This marks a shift in sentiment from the previous 'tech rally' narrative, with investors becoming more selective and defensive.