Tech-to-Value Capital Rotation
Tech-heavy regional indexes have dropped sharply as capital rotates away from technology stocks toward value opportunities
Too little corroboration in the last 3 days to call a trend (4 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"Amazon and Alphabet each fell and weighed on the S&P 500 and Nasdaq, while SpaceX also dipped. The Nasdaq Composite lost 160.36 points, or 0.60%, to 26,445.00."
"Nasdaq, S&P 500 edge lower as tech shares weigh on markets"
"The Nasdaq fell 0.6%., weighed down by sharp losses from several big stocks. Micron Technology fell 5.7% and Broadcom fell 2.8%. Both companies have large market values that tend to weigh more heavily on the market. They were big reasons for the technology-heavy Nasdaq losing more ground"
"The Jakarta benchmark index is up more than 10% so far in July while tech-heavy indexes in the region have dropped sharply, suggesting some investors are starting to rotate into lagging markets."