..and then Markets start crashing
We are in a very tricky moment for the stock market as we are in the middle of another rise of the interest rates. Lots of blocks of stocks are moving around.
But the selloff doesn't look apocalyptic, Apple is down only 1% but it keeps moving down notably in the couple of last weeks.
Some moves downs are also spotted in semiconductors names: the index is off 4% of its 54 weeks high as analysts await Micron's earnings after the bell.
Dow is having the worst month since October 2020.
Market players are moving money out of tech stocks and industrial / materials stocks as well on the growing supply chain issues. These stocks together with consumer staples are driving down S&P 500 for the second week.