The Rotation Out of Tech Continues

What’s in Today’s Report: The Rotation Out of Tech Continues

A geopolitical fear bid in the oil market

Keeping a geopolitical fear bid in the market,” wrote analysts at Sevens Report Research in a note.

Market Multiple Table: Chart

What’s in Today’s Report: Market Multiple Table Chart (Scenario Targets Compress)

The market collapse was driven by both fundamental and technical factors

According to Sevens Report, the market collapse was driven by both fundamental and technical factors.

It just reinforces the point that the data isn’t as bad as the market’s reaction

I think it just reinforces the point that the data isn’t as bad as the market’s reaction over the past two trading days implies. And I think that should give investors some some comfort, said Sevens Report Research’s Tom Essaye.

How much of this excessive yen carry trade has been rung out?

How much of this excessive yen carry trade, leveraged long bets, has been rung out by the last couple days, or really the last two weeks,” Sevens Report Research’s Tom Essaye tells Barron’s.

Mega-cap tech remains king

Mega-cap tech remains king” within the larger technology sector, said Tyler Richey, a co-editor with Sevens Report Research.