$MSFT down nearly 3% intraday after Anthropic dropped Claude Sheets, Whiteboards, Data, and a Meetings assistant — basically stepping straight into Office's lane. Wild part? Microsoft's literally backing Anthropic's $26B placement tied to the IPO.
Honestly, the selloff feels overdone. Anthropic's own messaging says Sheets is bare-bones right now and they're still pointing users to Excel for real work. But it's a clear signal of where they're going, and the timing — right before $ANT lists next week — didn't help.
Toss in a hot CPI print and the 10-year pinned near 5%, and big tech's getting zero slack from the tape. I'd watch $MSFT for a bounce if it holds the 200-day, but short-term the setup's messy. Not chasing here until we see how $ANT trades and whether flows calm down post-number.
Honestly, the selloff feels overdone. Anthropic's own messaging says Sheets is bare-bones right now and they're still pointing users to Excel for real work. But it's a clear signal of where they're going, and the timing — right before $ANT lists next week — didn't help.
Toss in a hot CPI print and the 10-year pinned near 5%, and big tech's getting zero slack from the tape. I'd watch $MSFT for a bounce if it holds the 200-day, but short-term the setup's messy. Not chasing here until we see how $ANT trades and whether flows calm down post-number.