Tech is dragging down the market following Nvidia (NVDA) CEO Jensen Huang’s resignation. Charles Schwab’s Rachel Dashiell says a “stealth bear market” may be developing, with several measures of market breadth looking “stretched.” She says the biggest test for semiconductors will be whether they can reclaim key support levels. Kevin Gordon also points to pressure in other economic indicators, including existing home sales, but says he isn’t seeing significant fundamental weakness in the stock market despite the broader tech sell-off.
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