Where Futures Sit
Nasdaq 100 futures are down about 2.8%, S&P 500 futures off roughly 1.4%, and Dow futures lower by around 287 points, or about 0.6%. The damage is concentrated, not broad... this is a tech and chip story, not a wholesale panic.
The Dow holding up better than the Nasdaq tells you where the selling is aimed.
The overnight rout had a clear epicenter. In Korea, memory-chip leader SK Hynix closed down more than 12%, dragging the Kospi down sharply, while Japan's Nikkei fell 3.55% and snapped an eight-session win streak. European technology stocks shed close to 3% at the open.
The selling is real but narrow.
Capital you protect today is capital you get to deploy when the picture is clearer.
- Greg
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