WS #10757
S&P 500 heads for longest losing streak since August, Magnificent Seven ETF sees $1B+ outflows, chip stocks resume slide, but MSFT shows relative strength. Microsoft (MSFT) flying +10% premarket, showing massive relative strength over rest of Mag 7, contradicting the broader tech selloff narrative. June 26 options flow shows positive divergence led by AVGO with bullish premium $13.6M vs $8.7M bearish, and broader tech/e-commerce strength in ADBE, CRM, META, BABA, MELI, BKNG.
Tech Selloff Deepens
S&P 500 heads for longest losing streak since August, Magnificent Seven ETF sees $1B+ outflows, chip stocks resume slide, but MSFT shows relative strength.
Microsoft (MSFT) flying +10% premarket, showing massive relative strength over rest of Mag 7, contradicting the broader tech selloff narrative.
June 26 options flow shows positive divergence led by AVGO with bullish premium $13.6M vs $8.7M bearish, and broader tech/e-commerce strength in ADBE, CRM, META, BABA, MELI, BKNG.