Start of a bloodbath? Or just a false alarm?
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$Technology Select Sector SPDR Fund(XLK)$ $Roundhill Memory ETF(DRAM)$ $VanEck Semiconductor ETF(SMH)$ $Utilities Select Sector SPDR Fund(XLU)$ $Communication Services Select Sector SPDR Fund(XLC)$
So the real bloothbath finally started today, with 80 billion dollars wiped out from the AI sector in a single day. The sector did bounce back a little towards end of trading day, but could this be a start of a bearish momentum carrying into end of 2026? Has the reality of hotter inflation, strained political ties, the continuation of high crude oil prices finally hit the market?
However, there is one writer who is still arguing his bullish sentiment on the market. But I personally believe in following the tide than fighting it. Am I still bullish on the instrinsic of tech sector on the longer time horizon, yes. But a meaningful correction is definitely due. So I wont bet against the trend going into the last quarter of 2026.[DOGE]
@PawsAndProfits - Specialist in combining FA and TA for Options selling and Swing trading.[666]
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