Stocks Close Lower, Rotation Out of Tech Continues

MRKT Matrix - Friday, June 26th S&P 500 heads for losing week, chip stocks add to their losses on Friday (CNBC) Industry Analysts Project 21% Increase in S&P 500 Price Over the Next 12 Months (FactSet) Citi cuts tech stock weighting: ‘Difficult to see how everyone in AI/Tech path wins’ (CNBC) The Long-Term Threat to the Memory Chip Boom Is Innovation (WSJ) SpaceX Bears Brace for Billions in Passive Index-Fund Buying (Bloomberg) Bond Traders Stunned as Losses on SpaceX’s New Debt Keep Growing (Bloomberg) OpenAI hasn’t held pre-IPO investor meetings or set timeline yet, sources say (CNBC) OpenAI Limits Access to New Model, Citing Government Security Concerns (WSJ) AI Is Already Reshaping US Politics at Every Level (Bloomberg) --- Subscribe to our newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠http://riskreversal.substack.com/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs