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TMTB EOD Wrap

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TMT Breakout
Jun 24, 2024
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Good afternoon. QQQs -1.14% as AI semis continued their sell off after late last week led by NVDA down 6.5% with 2nd biggest down day in the last year (other one was 4/19) as a mixed 3p check + Simona (Head of IR) announced she was leaving the company. Seasonal sell off near end of June looks to be playing out in Tech although spoos held in there fine today only down 34bps and IWM +40bps. BTC -6.5% bringing down bitcoin related names while non-profitable tech rallied and payments outperformed on some positive notes by GS.

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