Key insights
- The article highlights significant volatility in tech and growth stocks, with many experiencing sharp declines exceeding 10% in a single day. Despite this, mainstream news coverage is downplayed as 'profit taking,' leading to concerns about a potential chaotic entry into a bear market. This suggests underlying weakness and potential for further downside in the US equity market, particularly in growth-oriented sectors.
But no real talk about it? Even if many stocks have gone up wildly lately, majority of tech and growth stocks falling, and many more than 10% in one day.. i came here to see any posts discussing about it but I can’t see none. There are news about it but all articles are rather calm and with commentary in the lines of ”profit taking”. Is this a beginning of a bear reality chaotically kicking in or are we really to get used to 10+ percent falls on so many major stocks as a rather normal day in the market? I am at least quite surprised. How do you guys feel about this?