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Tech Turmoil: Black Swan Vol. Event Burns ETFs, Hedge Funds Dump Nasdaq Longs
In case you haven't noticed, folks are getting nervous about tech.
Here's what the Nasdaq 100 did in June:
And that's a real goddamn shame, because tech was the glue holding everything together in the face of increasingly lackluster data and jitters about the Fed hiking into a deflationary backdrop. Indeed, it's been no contest YTD as the Nasdaq just turned in its largest H1 gain since 2009:
But investors are starting to question the sustainability of a situation in which a handful of tec
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