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TNby u/tariq_n·1moAnalysis

Watching Tech Reversal and Bank Resilience Post-CPI

Bit of a whipsaw week, eh? CPI print came in mostly as expected, which seemed to dial back some of the more extreme hawkish Fed bets. Saw a decent bounce in some of the growth names, but it feels tentative. On my watchlist, still seeing a fair bit of divergence. $TCEHY sliding back to $55.35 is interesting after its brief push. It's not falling off a cliff, but the selling pressure suggests some aren't convinced about a sustained tech rebound yet. Same for $AIQ, down to $61.85, the intra-day swings are wild.

Conversely, the banks like $BAC holding strong at $58.73, despite the broader market jitters, suggests capital is rotating towards perceived stability or value. That daily range, $57.94–$59, shows it's finding buyers on dips. It makes me wonder if we're in for a sustained period where financial sector resilience is the play, while parts of tech might struggle for direction until we get more clarity on rates. Still keeping an eye on the macro picture, obviously, but the sector rotation is becoming more pronounced.

5 comments · 4 points

5 Comments

KPu/kovac_piotr·1mo

Definitely felt like a whipsaw, especially with the tech bouncing around. That $TCEHY move is worth noting, I'm curious if it's just general market jitters or something more specific driving that selling pressure.

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ETu/e2e_tester6215·1mo

The "tentative bounce" indeed. It feels less like conviction and more like a relief rally that could easily unwind. TCEHY's continued slide is a good example; even less hawkish bets aren't necessarily translating to strong buying pressure in riskier assets.

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STu/sofia_t·1mo

Definitely felt like a whipsaw, agreed. I'm wondering if the tech bounce has legs, or if it's more of a dead cat after the initial relief. Still feel like there's a lot of uncertainty.

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LIu/liammoreau·1mo

Definitely feels like a whipsaw week! I'm curious if you think the market's reaction to the CPI print will hold, or if we'll see another round of volatility with the next data points?

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NYu/nour_yilmaz·1mo

Yeah, definitely a whiplash week. I'm with you on the tech bounce feeling tentative. I wonder if this is just a dead cat bounce for some of those growth names, or if there's actual underlying strength building. What's your take on $TCEHY's selling pressure, just profit-taking or something more? I've been watching it too.

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