This DB chart shows how the tech selloff is driving moves throughout the stock market

seekingalpha07-26

A Deutsche Bank chart showed utility stocks (XLU) gaining ground and a Magnificent 7 gauge sinking as part of equity-market moves triggered by the selloff in the technology sector. Its Chart of the ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2454334759?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/155285322/image_155285322.jpg","is_english":true,"pubTime":"2024-07-26 06:10","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2454334759","market":"nz","top_or_hot":-1,"title":"This DB chart shows how the tech selloff is driving moves throughout the stock market","media":"seekingalpha","content":"<div>\n<p>A Deutsche Bank chart showed utility stocks (XLU) gaining ground and a Magnificent 7 gauge sinking as part of equity-market moves triggered by the selloff in the technology sector.  Its Chart of the ...</p>\n\n<a href=\"https://seekingalpha.com/news/4128748-stocks-markets-sp500-rotation-tech-selloff-sectors-chart-deutsche-bank\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This DB chart shows how the tech selloff is driving moves throughout the stock market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis DB chart shows how the tech selloff is driving moves throughout the stock market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-26 06:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4128748-stocks-markets-sp500-rotation-tech-selloff-sectors-chart-deutsche-bank><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A Deutsche Bank chart showed utility stocks (XLU) gaining ground and a Magnificent 7 gauge sinking as part of equity-market moves triggered by the selloff in the technology sector.  Its Chart of the ...</p>\n\n<a href=\"https://seekingalpha.com/news/4128748-stocks-markets-sp500-rotation-tech-selloff-sectors-chart-deutsche-bank\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0069063385.USD","symbol_name":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (USD) ACC","start_time":0,"source_url":"https://seekingalpha.com/news/4128748-stocks-markets-sp500-rotation-tech-selloff-sectors-chart-deutsche-bank","article_id":"2454334759","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/155285322/image_155285322.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2454334759","pubTimestamp":1721945435,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"A Deutsche Bank chart showed utility stocks (XLU) gaining ground and a Magnificent 7 gauge sinking as part of equity-market moves triggered by the selloff in the technology sector.  Its Chart of the D","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0069063385.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (USD) ACC","IVV":"标普500指数ETF","XLU":"公共事业指数ETF-SPDR","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","XLV":"健康照护类股ETF-SPDR","BK4524":"宅经济概念","META":"Meta Platforms, Inc.","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","SDS":"两倍做空标普500ETF","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","BK4527":"明星科技股","LU0234570918.USD":"高盛全球核心股票组合Acc Close","UPRO":"三倍做多标普500ETF","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0072462426.USD":"贝莱德全球配置 A2","OEX":"标普100","LU0082616367.USD":"摩根大通美国科技A（dist）",".SPX":"S&P 500 Index","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0080751232.USD":"富达环球多元动力基金A","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","QQQE":"Direxion NASDAQ 100 Equal Weighted Index Shares","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","BK4581":"高盛持仓","BK4504":"桥水持仓","LU0234572021.USD":"高盛美国核心股票组合Acc","SSO":"两倍做多标普500ETF","SH":"标普500反向ETF","DB":"德意志银行","SPXU":"三倍做空标普500ETF","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","SQQQ":"纳指三倍做空ETF","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","NVDA":"英伟达","BK4532":"文艺复兴科技持仓","RSP":"平均加权指数ETF-Rydex S&P","SPY":"标普500ETF","ONEQ":"Fidelity NASDAQ Composite Index ETF","BK4593":"纳斯达克ETF","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","OEF":"标普100指数ETF-iShares","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","VOO":"Vanguard标普500ETF"},"translate_title":"这张DB图表显示了科技股抛售如何推动整个股市的走势","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XLV":1,"ONEQ":1,"QQQE":1,"RSP":1,"SPY":1,"DB":1,"VOO":1,"XLU":1,"SQQQ":1,"NVDA":0.9,"META":0.8,"OEX":0.6,"OEF":0.6,"SDS":0.6,"SH":0.6,"SPXU":0.6,"UPRO":0.6,"SSO":0.6,"ESmain":0.6,"IVV":0.6,".SPX":0.6},"content_text":"A Deutsche Bank chart showed utility stocks (XLU) gaining ground and a Magnificent 7 gauge sinking as part of equity-market moves triggered by the selloff in the technology sector.  Its Chart of the Day published Thursday showed that seven of ten sectors in the S&P 500 (SP500)(SPY) have advanced since a slide in tech stocks (COMP:IND)(NDX) kicked off earlier this month. Utilities (XLU) and Healthcare (XLV) paced sector gainers, similar to moves following the dot-com bubble burst in 2000, Jim Reid, Deutshe Bank’s head of global economics & thematic research, said. The S&P 500 (SP500) itself has dropped since early July, slicing its down YTD gain to ~13%. A jump in rate-cut expectations by cooler inflation spurred investors to dump high-flying tech stocks - such as AI investment proxy and chipmaker Nvidia (NVDA) - and buy small-cap stocks (RTY) and other parts of the market. A Bloomberg index tracking Magnificent 7 mega-cap tech stocks, including Nvidia (NVDA) and Meta Platforms (META), has lost ~12% since the rotation lit up, the chart showed.  “The conclusion is that if tech continues to correct, we should see decent up moves in other sectors, especially as the size of tech dwarfs other sectors,” Reid said. “So even a small rotation out of tech could mean a big rotation into other sectors.” Here is Deutsche Bank’s chart showing the impact of the rotation out of tech stocks that started July 11. The blue bars show the S&P 500’s (SP500) 10 top-level sectors, and the red bars show four broader indices: the Russell 2000 (RTY), the S&P 500 (SP500), the Nasdaq Composite (COMP:IND) and the Bloomberg Magnificent 7 Price Return Index, or BM7P.  Among S&P ETFs: (VOO), (IVV), (RSP), (UPRO) and (SH). Among Nasdaq ETFs: (QQQ), (ONEQ), (QQQE) and (SQQQ).","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2454334759"}