The Correction in the Big-Cap Tech Names Seems to be Spreading
- There will be a lot of focus on tomorrow’s CPI inflation report, but the main focus this week will remain on the big-cap tech names. If the recent weakness in AAPL, TSLA, and GOOGL spills over into NVDA, META, AMZN…it’s going to cause a meaningful pullback in the major stock averages.
- The newest news on Boeing (BA) has the stock trading well below its key support level in pre-market trading. This makes the stock vulnerable to a decline towards its 2023 lows of $180.
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