Brutal day across mega-caps. Out of 70 stocks with $200B+ market cap in the US, only 4 are green:
$BABA
$TM (Toyota)
$COST
$SAP
That's a 94% red rate among the largest names. When breadth is this bad at the top of the cap structure, it's either capitulation or the start of something uglier. $BABA catching a bid while everything else bleeds tells you where money is rotating—into bombed-out names that finally look cheap vs. the overextended AI trade.
$COST holding green is classic defensive rotation. People hide in staples when they're scared.
Watch if this is a one-day flush or if we get follow-through tomorrow. If mega-cap tech can't reclaim, the pain spreads.
$BABA
$TM (Toyota)
$COST
$SAP
That's a 94% red rate among the largest names. When breadth is this bad at the top of the cap structure, it's either capitulation or the start of something uglier. $BABA catching a bid while everything else bleeds tells you where money is rotating—into bombed-out names that finally look cheap vs. the overextended AI trade.
$COST holding green is classic defensive rotation. People hide in staples when they're scared.
Watch if this is a one-day flush or if we get follow-through tomorrow. If mega-cap tech can't reclaim, the pain spreads.