AI Stocks are CRASHING - Why & When Will It STOP?

Hello traders and investors. Will back here with another one coming to you with a Thursday market recap. Hopefully you guys had a decent day in the markets today in spite of a very large sell-off in the spy and the QQ's. The very polarizing AI trade and the AI fears continue as the paradox of AI is front and center in the markets right now. Of course, on one hand, you have AI revolutionizing the world and helping so many companies have productivity and efficiency gains. But on the other side, AI is destroying those very same companies. It seems like day after day and even the companies that are enabling a lot of these AI models are also facing severe sell-offs. Google and Microsoft right two of the companies and even Amazon Amazon and Google with direct investments in anthropic they're coming down and Microsoft with direct investments in open AI another leading frontier model down perpetually as well. So the companies that are enabling all these AI changes are down. The companies that are supposed to benefit from all these AI changes are also down. It's a very very polarizing markets market right now and we've been talking about this for the past 3 4 weeks. It seems as though since the month of October the market just can't decide on which direction it wants to take. The S&P is roughly flat over the course of the past 5 6 months and the QQQ's additionally as well flat with a light downside bias. So in today's video we got a lot of things to talk about. Unfortunately I will not have the time to cover earnings today. I do have a flight to catch. So we'll be doing something a little bit different today. We'll spend a decent amount of time talking about some news headlines, more AI destruction as several other sectors fall victim to new AI fears. We'll be covering a bit of news and also recapping some statistics because there's been some very, very big dispersion in the market right now in terms of the names that are winning or up year to date and the names that are losing year to date. And some statistics are very interesting. You haven't seen this in a very, very long time. After that, we'll of course get into our technical analysis. take a look at the spy, the QQQ, and our minor sectors across the board and get a sense of where the money is actually flowing into and whether or not we should be flowing into those sectors as well or buying the dips and everything that's been selling off in a very large fashion. Thereafter, we'll be taking a look at our big tech list down here as it was a very negative day for big tech today.