{"id":85238,"date":"2025-08-21T15:24:11","date_gmt":"2025-08-21T15:24:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/85238\/"},"modified":"2025-08-21T15:24:11","modified_gmt":"2025-08-21T15:24:11","slug":"why-is-wall-st-down-its-a-rotation-baby-tradingview-news","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/85238\/","title":{"rendered":"Why is Wall St down? It’s a rotation, baby \u2014 TradingView News"},"content":{"rendered":"

WHY IS WALL ST DOWN? IT’S A ROTATION, BABY<\/p>\n

U.S. stocks fell for a second day on Wednesday with tech and artificial intelligence names leading the pullback. Citi strategist Scott Chronert says the drop isn’t worrying, but it does suggest a rotation is underway.<\/p>\n

“If one is looking for a rotation trade, this is a good place to start,” he says, noting that a 5% drawdown is part of the normal course of market progressions and can happen without a clear catalyst. “A -10% draw down would require a more notable fundamental or macro catalyst,” he adds.<\/p>\n

The Nasdaq 100 \"\"\/NDX<\/a> jumped 45% from April lows before falling 3.5% over the past two sessions, he writes. The S&P 500 \"\"\/SPX<\/a> rose 32% and is now off 1.5%. The equal-weight S&P 500 (.EWGSPC) S&P is up 24% and holding steady.<\/p>\n

Chronert highlights gains in defensive sectors like real estate, staples, health care, and utilities, along with strength in energy, materials and financials.<\/p>\n

“We have been viewing the S&P 500 as consisting of two parallel markets, namely the AI-affected and everything else,” he said. “Broadening… beyond the AI tailwind is a necessary condition of a healthy and higher index.”<\/p>\n

Chronert isn’t the only one eyeing a potential rotation after tech’s strong run. For more, check out these recent blogs:<\/p>\n

From war trades to peace plays: A rotation ahead?<\/p>\n

“Stay nimble”: CPI could spark stocks rotation<\/p>\n

BofA says ‘toppy’ sentiment to spark stocks rotation not retreat<\/p>\n

After Wall St’s “unhealthy” rally, rotation is coming<\/p>\n

(Danilo Masoni)<\/p>\n

*****<\/p>\n

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FUTURES MIXED AHEAD OF JACKSON HOLE CLICK HERE<\/p>\n

JACKSON HOLE TO OPEN UNDER TRUMP’S SHADOW CLICK HERE<\/p>\n","protected":false},"excerpt":{"rendered":"WHY IS WALL ST DOWN? IT’S A ROTATION, BABY U.S. stocks fell for a second day on Wednesday…\n","protected":false},"author":2,"featured_media":1114,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,63,99,171],"class_list":{"0":"post-85238","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-markets"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/85238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=85238"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/85238\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/1114"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=85238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=85238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=85238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}