CNBC Fast Money July 12, 2024
There was tesla. After its broad earnings report, shares were up as much as 6 but end of the day down by 5 it seems like the momentum trade, the big cap tech trade got unwound a little bit today. Yeah. Is this another one of those rotation moments we had one in mid may and one in mid june maybe we have one here in late july if you think about the move in big cap tech, apple is down about 5. 5 against the s p in the last ten days. Across the board youve seen this essentially across the tech space. If you look at small cap stocks, the iwm, the etf that tracks the russell 2000 it actually eked ou...
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