Tech Just Scared Traders Into Safety - Here’s What to Do

[Spotlight] Daily Video Newsletter Thursday, July 11, 2024 By August 6, It’ll All Be Over Between now and then, there will be no less than 27 chances at monster profit potential as “Crush Events” blast the market. I think the next four weeks will mint the next generation of uber-traders. [Click here to find out if you’ll be one of them…]() ================================================ [Tech Just Scared Traders Into Safety - Here’s What to Do](=) By Blake Young Markets go up and down every day. Sometimes that’s not really significant - just the ebb and flow of capital. On other days, though, there’s a real shift in key sectors. That’s what we got today. The tech-heavy NASDAQ had sunk more than 1.7% by 3:30 PM, whereas the broader S&P 500 had dropped just 0.7%. This tech selloff scared the pants of traders and sent them scrambling for safety. When fear rules the markets, players move into cash or rotate into defensive sectors like utility and healthcare. We saw that rotation happen in this session. But calling it a “rotation” doesn’t quite do it justice; this was more like a dramatic, desperate scramble. Previously “risk-on” sectors fell 3%, while defensive sectors rallied 3%. Again, this wasn’t so much a “shift” as a tectonic event. In a moment, we’ll look at how this played out in defensives - utilities like NextEra and healthcare names like Thermo Fisher and Danaher. Not coincidentally, we’re seeing stagflation plays start to rise; gold is up, but copper is down - we’ll look at names like Newmont and Southern Copper in a minute. [Let’s dive in…](=) Professor Bierman Just Gave a Big Interview The media’s beginning to notice that the market’s been completely hijacked by algos - machines. It’s become almost numb to news and fundamentals. Of course, the Professor has been screaming this from the rooftops for a while now, and I guess it was only a matter of time before others stood up and took notice. [Here he is in MarketWatch breaking it down and letting us know what to do about it…]( ================================================ Time to Take Your Financial Future Into Your Own Hands This is the perfect time to make sure you’re up to speed on your trading know-how. Simply standing by passively won’t work anymore. So I want to ensure you’ve read our free Rebel’s Guide to Trading Options - it covers all the basics of trading options. Like everything we do, the course is in plain English. It’s specially geared toward beginners but all traders will get something out of it. [Yours absolutely free, of course - right here…]( Recent Media Appearances by TheoTrade Jeff Bierman talks A.I. with YahooFinance LIVE [Click here to watch and read the interview ]() Follow Us on Twitter for Free Market Updates Throughout the Day: [(=) NEW MEDIA CHANNEL - JOIN TheoTRADE on RUMBLE [TheoTrade Rumble Channel]( NEED HELP? LOOKING FOR MORE ADVANCED TRAINING? 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