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Why Tech Just Crashed and Where Money Is Rotating Right Now
Description
The Wednesday session closed Red. Here is why.
Geopolitical escalation in the Strait of Hormuz pushed oil prices toward $92 a barrel, colliding head-on with May CPI hitting a three-year high of 4.2%. Simultaneously, massive capital dilution fears in the AI hardware space triggered an aggressive institutional liquidation out of momentum tech and into defensive havens.
📊 THE SCOREBOARD
🟢 Winners: Energy caught a powerful defensive bid as crude oil spiked.
🔴 Losers: Information Technology and Semiconductors got severely punished, led by a steep sell-off in SMCI.
👀 THE LOOK AHEAD
🔔 The #1 thing to watch tomorrow is the May Producer Price Index (PPI) print and the pricing of SpaceX's massive IPO to see if the market can stabilize or if a deeper liquidation loop is ahead.
Content is for informational and educational purposes only. Market data may be subject to platform delays. This is not financial advice.