The Great Rotation Out Of Tech Continues

MRKT Matrix - Wednesday, July 17th

• Nasdaq drops nearly 3%, Dow industrials gain as investors continue rotation out of tech stocks (CNBC)
• US Floats Tougher Trade Rules to Rein In China Chip Industry (Bloomberg)
• Trump on Taxes, Tariffs, Jerome Powell and More (Bloomberg)
• Retail investors in AI stocks may get burned like they did in past bubbles, says Bank of America (CNBC)
• Early Tesla Backer Debuts Funds Tied to Musk’s xAI, SpaceX (Bloomberg)
• US single-family housing starts hit eight-month low; green shoots in manufacturing (Reuters)
• Taylor Swift May Have Killed an August Rate Cut (Bloomberg)

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MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets

Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs

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