The problem was the  CONCENTRATION in the Mag7  !  most people do not own the S and P 500 ! they really only owned 7 stocks MAG7 and #AI #semiconductors or worse lower quality #AI stocks down 50%! Semi have been in a decline since July  8th ! the Mag 7 and semi are down much more  20--40 % ! so it is not accurate to say this was only a GARDEN VARIETY 10% correction! the other 494 stocks are not ready to pick up the slack until long term rates  go down ! @ScottJenningsKY But you are correct this used to be normal ! markets are now more rigged by  MACHINES  ! @davevermilion @gnoble79 @infraa_ @JoeCarlasare ! this is not your mother's or grandmother's S  and P 500!
#AI #semiconductors #AI