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#usstoragestocksextendlosses Memory didn’t break on demand today. 📉 Every drawdown this group took in 2026 was a guidance bar or a demand scare. This one is a discount rate. The breakdown 👇 •$MU: -7.02% to $940 •$SNDK: -9.01% to $1,625.78 •$WDC: -7.43% to $496.16 STX- 9.16% to 903.68 •30Y Treasury: 5.32%, highest since 2007 No company news. No guidance cut. Declines are uniform across DRAM, NAND and HDD, that’s a multiple reset, not a cycle call. MU is still +253% YTD. SNDK +643%. Higher-for-longer compresses the most extended multiples first. Does the memory thesis survive a 5%+ long end? $ETC $ESP $ENA