Yesterday, they loved the NDX, and today they cannot stand it. Yesterday, they had disdain for consumer staples and non-tech generally, and today they're loved. Two weeks ago, Utilities were leading Bonds lower to High-Interestville, and today Utilities and Telecom are being bought with both hands.
Regarding Big Cap Tech, first they came for FB, now TSLA. NVDA vulnerable to what happens with Bitcoin. QCOM cannot be acquired with Uncle Sam's permission. BRCM is apparently untrustworthy in Uncle Sam's eyes. Who is next ? Is the mighty NDX gonna turn into a Roach Motel in a few days ?
Crazy, crazy, crazy.