Profit taking has occurred in AI theme big tech names for two consecutive weeks, spurred by Fed uncertainty

Palo Alto Networks is a sleepy tech name but cybersecurity will only go up moving forward

Intel will move higher with more government partnerships despite concerns about US government owning 10%

Tesla is a long-term belief with high volatility, one of the purest AI plays through robotics theme

Essential blue-chip names (Boeing, Lockheed, Waste Management, CME Group) are seeing rotation as people de-risk from Mag 7

VIX had 20% intraday move yesterday, third largest this year, caught people off guard

S&P 500 target 7100 for year-end Santa Claus rally, led by tech but with broadening