
Post
Katherine smil
Over 60% of S&P 500 tech names are 20%+ off their 52-week highs. šØ Thatās not rotation. Thatās a quiet bleed.
Coinbase -69% from peak. Oracle -57%. Salesforce -57%.
The index looks fine only because a few mega-caps are propping it up. Under the hood, breadth is collapsing.
This is structural, not a dip. When most tech stocks are deep red but the S&P barely moves, youāve got concentrated liquidity ā not a healthy market. The headline strength is a trap. Real health needs breadth, not 5 giants dragging the ship. š
For crypto, this is a red flag. If institutions are dumping Oracle and Salesforce, risk-off is spreading. And Coinbase getting smoked isnāt just a crypto story ā itās the canary for appetite across the board. š§
Donāt trust the index. The cracks are growing.
Stay sharp, hedge, and donāt catch falling knives before we see the real floor. š„
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