by Greg Guenthner
Daily Reckoning
Buckle your chinstrap! Stocks are rolling over. Oil & gas plays are taking a beating. Even red-hot precious metals are taking a break.
And one vulnerable sector is itching to drag the market even lower in the coming weeks…
The Dow coughed up 140 points yesterday. The S&P fared slightly worse, dropping nearly 1%. But the real loser has been the Nasdaq Composite. It’s finished lower eight out of the last nine trading sessions. Floundering tech stocks are mostly to blame.
Squishy earnings have hit some of the biggest tech names on the market. Many of these stocks were leading us higher off the February bottom.
Not anymore…