Tech selloff and rotation (with Amy Morris)

Bloomberg's Norah Mulinda reports a tech sector selloff driven by rate hike expectations and a rotation out of tech, which is the worst-performing S&P 500 sector.

Yields

implicit

RUT

Oil

Metals

USD

Bloomberg 5.5
Financial Media
Norah Mulinda 3.5

Tech selloff and rotation (with Amy Morris)

ndx

Norah Mulinda describes a 'crackdown' and 'selloff' focused on the tech sector, which is the worst performing group, implying a downward direction for the Nasdaq.

Amy Morris

Bloomberg television markets correspondent Norah Mulinda says expectations are high in the market, especially in the tech sector.
Norah Mulinda

We are seeing a crackdown on the tech sector; information technology is the worst performing group in the S&P 500, and this is an acceleration of a selloff focused on tech, representing a rotation.

SignalTube

markets at a glance