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This DB chart shows how the tech selloff is driving moves throughout the stock market

This DB chart shows how the tech selloff is driving moves throughout the stock market. A Deutsche Bank chart showed utility stocks (XLU) gaining ground and a Magnificent 7 gauge sinking. Seven of ten sectors in the S&P 500 have advanced since a slide in tech stocks kicked off.

Bullish sentiment sees biggest one-week drop since Feb 2023 in latest AAII survey

Bullish sentiment sees biggest one-week drop since Feb 2023 in latest AAII survey. A tech-driven wipeout on Wall Street sent the Nasdaq Composite plunging close to 4%. Bullish sentiment as per the weekly AAII investor sentiment survey slipped to 43.2% for the week ending July 24. Still, bullish sentiment remains above its historical average.

Wells Fargo says S&P 500 must drop another 2% before discussing a bounce

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SPY: Don't Be The 'Greater Fool'

The correction happening in stocks is 'far from over,' IBKR says

The S&P 500 and the Nasdaq Composite suffered their worst sessions in more than a year on Wednesday. A selloff in tech stocks led the indexes to their steepest falls since October. Interactive Brokers' senior economist says a 10% to 15% correction in the U.S. Equity market is likely.

Winter (Rate Cuts) Is Coming

The 2024 deficit estimate has increased by $400 billion, a 27% rise from their estimate five months ago. The U.S. Deficit for 2024 is expected to be $2.0 trillion, 7% of our Gross Domestic Product. The CBO forecasts no recession for the next decade. The IMF has warned of runaway spending in the United States.

The Case Against Lone Recession Indicators Is Stronger Than Ever