The market rollercoaster is in full swing again.
After a solid week for tech which saw the Nasdaq almost recapture the 200DMA yesterday, tech stocks are getting nuked again and everyone is wondering what sparked the move. As usual, there are many hypothesis, with Goldman listing no less than four in its mid-day market update (available to pro subscribers), to wit:
- NDX failed the 200dma.
- Continued chop into Apr 2nd.
- Negative stories around Datacenter/AI this week (China NVDA environmental concerns, BABA "bubble" comments yesterday).
- Positioning & trading dynamics in to quarter-end (ty Pete Bartlett).
