US Equities Mid-Day Color

US markets reversed mid-morning as large-cap tech dragged indices lower, with Goldman Sachs reporting its highest YTD sell skew. Commodities like gold and silver outperformed significantly as the software sector faced continued selling pressure.

Key Takeaways

• 1.US indices reversed early gains mid-morning, driven significantly lower by large-cap technology stocks.
• 2.Gold and silver saw a significant 'snap back' recovery, with gold prices rising over 6%.
• 3.The software sector continues to experience intense weakness, with the IGV ETF testing April lows.

Table of Contents

• Key Focus:
• Our Flows:
• Chart of the Day:
• Notice to Australian Investors
• Additional Disclaimers

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