After the S&P snapped a five-week winning streak on Friday, indexes continued with the same theme today. Momentum seems to have stalled for the major US indexes as of late with investors becoming skeptical of big tech valuations. Breadth was very positive today for the S&P with 70% of stocks up on the day but it was not enough to overcome the negative pressure from big tech. The NYFANG index closed 3% lower, now down 5.2% since the start of last week. While the NYFANG index has seen a pullback…
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