Since Friday there has been a sell off in tech. It is a very important move as the US rally has been underpinned by the Tech rally. On Friday some top managers spoke (including Goldman Sachs)
Morgan Stanley calculated that if the tech stock fell by 10% all other main stock group financials, industrials and energy mainly) will have to rise by 4.5% just to maintain the market flat.
It is a move to watch, but probably it will be used by people “left behind” to enter the tech bull.
investorpolitico 