Big Tech Retreats! Small Cap Stocks Show Momentum?
@Tiger_comments:
Big tech collectively closed down yesterday due to the “special rebalancing“ while small cap $iShares Russell 2000 ETF(IWM)$ shows strength.1. Special rebalancing in $NASDAQ 100(NDX)$ to reduce big tech’s weight to 38.5%The $NASDAQ 100(NDX)$ is preparing to adjust the weightings of its 100 components, particularly focusing on the "magnificent seven" stocks: $Microsoft(MSFT)$ , $Apple(AAPL)$ , $NVIDIA Corp(NVDA)$ , $Tesla Motors(TSLA)$ , $Alphabet(GOOG)$,