How the chip trade has come to resemble silver — a warning from Morgan Stanley's Wilson

The Nasdaq Composite fell 4.6% over a five-day losing streak, its longest decline since the start of the year. The move signals worsening risk appetite and weaker momentum in growth and technology shares. While the article is purely market commentary, the streak may pressure near-term positioning and volatility across U.S. equities.

Analysis

The Nasdaq Composite fell 4.6% over a five-day losing streak, its longest decline since the start of the year. The move signals worsening risk appetite and weaker momentum in growth and technology shares. While the article is purely market commentary, the streak may pressure near-term positioning and volatility across U.S. equities.