Not all tech is under fire. Just most of it. The stuff that isn't burning gets a participation trophy and a mention in the Investing Club's afternoon newsletter. The Homestretch. Released every weekday. Actionable updates for the last hour of trading. For people who need to be told what to do at 3 PM because the first six and a half hours didn't clarify anything.
Monday brought selling. Some tech survived. Congrats to those tickers. They managed not to eat shit while their sector brothers got curb-stomped. That's the bar now. Didn't collapse? You're a winner. Put it on the refrigerator next to your kid's spelling test.
Investors rotated into defensive stocks. Utilities. Consumer staples. The boring stuff your dead grandfather owned. Stocks that go up one percent in a good year and make you feel like a genius for preserving capital. This is what passes for strategy when the market turns. Buy things that don't move. Pay a premium for the privilege of watching your money do nothing. It's like putting your cash in a savings account but with extra steps and a brokerage fee.
The chart says everything. Some lines went down. Other lines went down less. Retail traders saw this and thought they'd spotted a pattern. They bought the dip in the names that were only down three percent instead of seven. Genius. Revolutionary. The kind of trade that gets explained at Thanksgiving dinner to a family that stopped listening in 2021.
Defensive positioning works until it doesn't. Then everyone scrambles back into the names they just sold. They pay higher prices. They call it rebalancing. The Investing Club will send another update tomorrow telling them what to think about it. Every weekday. Like clockwork. Because if there's one thing the last hour of trading needs, it's more f*cking opinions.
Photo by Maxim Hopman on Unsplash
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