Market Internals Flash Warning as Technology Underperforms
Technology stocks are lagging the broader market again, and this time market internals suggest the rotation has real staying power. The Nasdaq 100 fell 0.65% on August 31 while defensive sectors like Consumer Staples and Financials posted modest gains. The VIX remains near yearly lows at 14.43, but the advance/decline line is flashing warning signs that investors should not ignore.
Key Takeaways Technology (XLK) dropped 1.55% while Consumer Staples (XLP) and Financials (XLF) gained 0.43% and 0.38% respectively on August 31. The VIX closed at 14.43 on August 28, hovering near yearly lows and signaling market complacency despite the rotation. Seven of eleven S&P 500 sectors declined, indicating…
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