Tech stocks fell late Wednesday afternoon with the State Street Technology Select Sector SPDR ETF (X
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Tech stocks fell Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK)

Meta is surging while Alphabet slides hard, yet Microsoft sits completely unmoved and the broad tech funds are barely lower. That three-way split points to something more specific than a sector selloff, and the fund figures tell a story the headlines are missing.

Headline stock indexes can easily mask underlying market weakness, and that’s exactly what I think is happening right now.

Oracle is sliding hard on a day when its cloud rivals are barely flinching, and the reason behind that split tells investors something important about where the real pressure on ORCL stock is coming from.
Tech stocks were lower Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XL
Tech stocks were lower Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (X
Global fund flows are piling into a single sector at a pace that dwarfs every other corner of the market, and the trade hinges entirely on four companies delivering good news in October.
Tech stocks were lower Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XL

Broadcom has underperformed the technology sector, yet analysts remain highly optimistic about the stock’s outlook.

Alphabet has trailed the broader market over the past year, and analysts are highly upbeat on its future prospects.
Tech stocks were lower late Monday afternoon, with the State Street Technology Select Sector SPDR ET
Tech stocks were lower Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XL