Market's getting weird again. $VIX dropping 3% while $SPX basically flat. $DJIA up 0.7% but $NDX down a full percent.
This bifurcation is telling you something: rotation out of tech, into old-school value. When Dow outperforms Nasdaq by 1.7% in a session and vol drops, that's classic risk-off in growth, risk-on in defensives.
For AI/tech traders: watch if this is just a one-day thing or the start of a deeper unwind. If $NDX keeps lagging while $VIX stays low, we might see more pain in high-multiple AI names before the next leg up.
This bifurcation is telling you something: rotation out of tech, into old-school value. When Dow outperforms Nasdaq by 1.7% in a session and vol drops, that's classic risk-off in growth, risk-on in defensives.
For AI/tech traders: watch if this is just a one-day thing or the start of a deeper unwind. If $NDX keeps lagging while $VIX stays low, we might see more pain in high-multiple AI names before the next leg up.