So Close to a Magnificent Bear
$800bn gone for the week
This was NDX’s worst week since the week of Liberation day - down over 3%. The NDX is now down 5 weeks in a row (longest losing stretch since the Spring of ’22) and is now lower on 8 of 9 weeks. The ‘Generals’ are being shot at as the Mag 7 lost a collective ~$800+ bn in market cap last week. Let's have a look at some of the most extreme charts in tech.