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Rotation sees tech push higher as Dow futures struggle
The tech market rout seen yesterday which you know all about now, saw the Dow Jones come out on top. As noted this was all about rotation out of tech and the Nasdaq and back to the Dow. You may have also read the following- the slide in market cap on NVDA was greater then the entire market cap of Netflix and also greater than the annualised GDP of Sweden. That surely puts the whole move into some perspective. So, as the European markets end their first hour of live trading, the DAX has not exactly bounded ahead, but the FTSE 100 has continued to outperform in relative terms, as it did yesterday. Meantime, across the US futures, the Dow seems to be struggling from some inverse rotation. That is keeping the Dow futures from advancing much, where the Nasdaq 100 and the S+P 500 futures are now making a little more headway. We shall see how this pans out in the coming hours
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