TMTB EOD: $AMZN ST narrative change, Large caps lead the way down, does $QQQs weakness continue to next wk? we think so, $ADBE sell the news, Semis underperform

Pretty bad day for tech as the QQQs finished down 1.8%, SOX dn 3%+, ARKK down 1.5% with large cap finally underperforming small cap.  We have been talking about the large dispersion in tech with large-cap leading the way despite several laggards sitting near 52wk lows – and asking if initial cracks in $AAPL and $NVDA make the QQQs “catch-down.” Well, to…