The Rotation from Growth into Value Arrives in Force as Semiconductors Crack

The extreme bifurcation that had carried Technology to parabolic extremes is now unwinding hard in the other direction, and Friday's session was the rotation from Growth into Value arriving in force rather than the start of a broad market top. The parabolic Semiconductor rally that had been doing all of the heavy lifting finally cracked, with $SOX down -10.26% and $QQQ off -4.80%, yet the Dow fell just -1.35% and th...

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