$NVDA is coming off its 2nd worst 1D move lower
$NVIDIA Corp(NVDA)$ is coming off its 2nd worst 1D move lower (-9.5%) since the March 2020 Covid Crash.
Right before the DOJ Antitrust news hit after the bell 🤔
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Underneath the surface, we have been seeing a flight to safety/recessionary trade in both the US and Europe.
Defensive sectors are the top performers over the past 1 and 3 months in both the US and Europe, while growth proxies have underperformed.
$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $Real Estate Select Sector SPDR Fund(XLRE)$ $Utilities Select Sector SPDR Fund(XLU)$ $Consumer Staples Select Sector SPDR Fund(XLP)$ $Health Care Select Sector SPDR Fund(XLV)$
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https://x.com/Marlin_Capital/status/1831337727473967609
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