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Tech Drags the Market on Friday—Here's Where Big Money is Rotating Ahead of This Week's Big News 📉👀
↗ https://reddit.com/r/swingtrading/comments/1uvxr54/tech_drags_the_market_on_fridayheres_where_big/
Had a rough Friday out there? Let’s talk about that dip!
Tech (XLK, down -2.42%) dragged down the indices, prompting big money to run to defensives like Energy (XLE, up +3.01%).
Why the sudden tech escape? It's a classic defensive rotation as everyone braces for two massive events:
1. the June CPI inflation report and
2. the kickoff of Q2 Earnings season with the big banks!
Interesting how the market is going to react this week.
Share which sector and stock you think will come out on top this week?