Yesterdays (Tuesday Jan 18) selling into a rising market by the institutional investors to reduce their risk has now turned into a selling of the overall NASDAQ today. As I wrote this morning about Microsoft CEO expressing his view of the tech market and the slowing of growth and earnings off of the pandemic spend-a-thon over the next year or so is being digested by the markets with the QQQ down -.82% today as of this writing.
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