Smoke filled skies over the East Coast gave an eerie feel to the day (https://www.earthcam.com/usa/newyork/worldtradecenter/?cam=skyline_g), but that was not the reason for the investor rotation out of mega-tech. The NYFANG added 17% to its year-to-date performance in May and has single handedly supported the S&P 500 (and Nasdaq), giving traders a reason to take some money out of the group and add to some of the underperformers. The easy mark is the Russell 2000, and the index added another 1.7…
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