MARKET DAILY

Market 08/19: Capital Rotation Out of Tech

Dealers abandon 6440, seeking support at 6400

Steve Le
Steve Le

Key highlights:

  • Trump - Zelensky: Negotiations for Russia - Ukraine peace

  • Bowman: "Uncertain timing for SLR cut"

  • Bessent: "Inflation mainly from services"

  • Housing starts and building permits data mixed

  • META to cut AI research unit

  • Market: Stronger capital rotation

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