Markets Feel Rate Pain as Tech Sector Struggles
Rate concerns are taking their toll on markets, with Amazon (no ticker mentioned), Palantir (no ticker mentioned), and Nvidia (no ticker mentioned) in focus.
The Nasdaq is flashing a bearish signal, with Guardant Health, Palantir, and Freeport-McMoRan also in the spotlight. Meanwhile, biotechs and gold are shining as many techs struggle.
Ed Zitron says big tech is 'handing money to itself' to inflate the AI bubble.