Final hour: S&P 500 +0.7%, but equal-weight S&P −0.2% — the average stock is red today.
→ Broadcom ($AVGO ) gave back its entire +6.7% open gap and is now flat at +0.0%
→ Nasdaq 100 +1.7%, VIX −12% to 24.8
I think a handful of megacaps are carrying the index again — there's no broad-based buying.
Into the close: A) equal-weight turns green too, or B) worst case: Broadcom flips red and chips erase the day's gains — drop your call in the comments.
Watching: $SPY $QQQ $AVGO
#Stocks #Economy #Semiconductors
→ Broadcom ($AVGO ) gave back its entire +6.7% open gap and is now flat at +0.0%
→ Nasdaq 100 +1.7%, VIX −12% to 24.8
I think a handful of megacaps are carrying the index again — there's no broad-based buying.
Into the close: A) equal-weight turns green too, or B) worst case: Broadcom flips red and chips erase the day's gains — drop your call in the comments.
Watching: $SPY $QQQ $AVGO
#Stocks #Economy #Semiconductors
