print-icon
print-icon
premium-contentPremium

"Vicious Moves": Momo Meltdown As SaaSpocalypse Spreads; Power Producers Nuked

Tyler Durden's Photo
by Tyler Durden
Authored...

Tl:dr: Macro mixed (strong Services PMI, weak ADP). Asia and Europe pain from catch-down to US Software selling. US Tech was wrecked again with the software selling spreading across the whole stack (AMD didn't help). Momo massacred. Growth stocks ugly. Energy and Materials bid. IPP/Nuclear slammed