Here's the story.
Tech carried the losses... the Nasdaq booked its fifth straight down session and shed 4.6 percent on the week, with Apple and the chip names leading lower and an OpenAI IPO-delay rumor adding to the unease.
Meanwhile the Dow rose on the week and touched fresh record territory midweek, carried by the real-economy crowd... Caterpillar, the healthcare names, the staples.
The 10-year had already slipped back under 4.5 percent earlier in the week. Gold held firm near 4,090 an ounce.
This is what a rotation looks like, not a collapse. Money is leaving the most speculative corner of the market and walking calmly into industrials, healthcare, and the boring stuff that pays you to wait.
Thin summer volume and a holiday-shortened week tend to make people check out... but light tape moves on small flows, and that is when a patient investor can add to good positions while everyone else is at the lake.
-Greg
This caught my eye, have a look.
(sponsored) He doesn't buy gold. He just profits from it.
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