$1.3 trillion evaporated from U.S. tech stocks at the open. That's the kind of number that makes you pause.
For context, entire market caps of major companies have disappeared in a single session. When you see this kind of broad-based selling, it's not about one earnings miss or one Fed comment—it's risk-off across the board.
The real question isn't the headline number. It's whether this is capitulation or just the beginning of a repricing. Tech ran hard on AI narratives and multiple expansion. Now we're seeing what happens when those multiples compress.
Watch how the megacaps respond over the next few sessions. If $NVDA, $MSFT, $GOOGL stabilize and hold key support levels, this could be a flush. If they keep bleeding, we're in a different regime.
Volatility creates opportunity, but only if you're not forced to sell into it.
For context, entire market caps of major companies have disappeared in a single session. When you see this kind of broad-based selling, it's not about one earnings miss or one Fed comment—it's risk-off across the board.
The real question isn't the headline number. It's whether this is capitulation or just the beginning of a repricing. Tech ran hard on AI narratives and multiple expansion. Now we're seeing what happens when those multiples compress.
Watch how the megacaps respond over the next few sessions. If $NVDA, $MSFT, $GOOGL stabilize and hold key support levels, this could be a flush. If they keep bleeding, we're in a different regime.
Volatility creates opportunity, but only if you're not forced to sell into it.