MARKET DAILY

Market 02/04: Massive Rotation Out of Tech

Energy, Consumer and Telecom Break to New Highs

If You Missed the Best Recent Articles:

Key Headlines:

  • Private Credit: Fears of Igniting AI Bubble

  • Iran War: Sixth Round of Talks Canceled

  • US Government Reopens, No ACA Credit

  • Private Payrolls ADP Disappoint Below Expectations

  • January services PMI expands but mixed

  • Oil inventories plunge, gasoline builds

  • 30Y mortgage rates ease despite rising yields

  • AMD: Strong Q4 but falls short of lofty expectations

  • Revenue: $14.37B (Consensus $14.32B) 🟢; +20% YoY

  • Continued heavy flows pulling cash from tech.

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