--- title: "last thursday, we had a similar decline to what we are seeing today...but it was for really no reaso" description: "last thursday, we had a similar decline to what we are seeing today...but it was for really no reasonthen we recovered massively on fridayone week later, today, we are once again seeing new lows from " type: "topic" locale: "en" url: "https://longbridge.com/en/topics/100000000469105.md" published_at: "2026-02-12T18:37:18.000Z" author: "[amit](https://longbridge.com/en/profiles/24261296)" --- # last thursday, we had a similar decline to what we are seeing today...but it was for really no reaso last thursday, we had a similar decline to what we are seeing today...but it was for really no reason then we recovered massively on friday one week later, today, we are once again seeing new lows from last week for what it feels like is no major headline amazing companies getting sold off on great earnings utilities, defensives, industrials leading the way $Verizon(VZ.US) is up 20% this year, last time it did that? 2006 choppiness isn't even the word...this market is moody, emotional, thinks AI is dead one day then thinks AI will destroy every industry the next...just a hard environment to navigate but the winners of the past few years are simply getting destroyed regardless of good earnings the major reason I can point to, i think, is capex spend is so large that big tech will see negative FCF and that is leading to a rotation out of not only big tech but also high-beta growth, many sectors (space, quantum, nuclear) all now down YTD compared to January ugly environment Source: amit ### Related Stocks - [VZ.US - Verizon](https://longbridge.com/en/quote/VZ.US.md) - [QMCO.US - Quantum](https://longbridge.com/en/quote/QMCO.US.md) - [TECH.AU - Mirae Asset Global Investments Co., Ltd.](https://longbridge.com/en/quote/TECH.AU.md) - [TECH.US - Bio-Techne](https://longbridge.com/en/quote/TECH.US.md) --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.