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A Nightmare On The Nasdaq
Monday turned into the stuff of nightmares for Tech and Growth or, more to the point, Monday felt a lot like some of October's worst days.
It was clear on Friday that Tech was still on shaky footing despite the broader market's efforts to rebound from last month's rout. October was defined by wild rotations from Growth to Value and back again. The market lived and died by that dynamic, with an emphasis on "died", because by the time it was all said and done, big-cap Tech logged its worst month
Two hours before the close someone posted this on Tweeter:
“Today’s message from the market” https://pbs.twimg.com/media/Dr1O1XhU8AEMj4Y.jpg