Today (October 22, 2026), the US stock market showed clear divergence and risk-off sentiment, with funds shifting from t…
Today (October 22, 2026), the US stock market showed clear divergence and risk-off sentiment, with funds shifting from tech growth stocks to safe-haven assets and traditional cyclical sectors.
Concerns over tech capex trigger fund outflows
Overnight earnings from several tech giants missed expectations or offered cautious guidance:
Meta's increased capital expenditure turned free cash flow negative, sparking market concerns about the ROI on AI investments.
Statements from Lam Research and IBM on AI demand or capital costs fell short of expectations, putting pressure on the semiconductor and tech sectors (XLK) after the open.
Tesla was dragged down by a slight decline in automotive revenue, breaking below key moving averages.
Rise in safe-haven and defensive flows
Influenced by geopolitical risk rumors (Middle East situation) and high, volatile US Treasury yields, risk-off sentiment rose:
The energy sector (XLE) was boosted by rising crude oil prices (Brent broke through $112/barrel), becoming the main direction for fund inflows.
US Treasuries and gold attracted some safe-haven inflows, with the 10-year yield finding short-term bid support near 5.08%.
Long-term positioning is not considered yet as the opportunity hasn't arrived; those who bottom-fished have entered and are prepared for timely take-profit and stop-loss operations$Oracle(ORCL.US)NVIDIA
$Direxion Semicon Bull 3X(SOXL.US)$Tesla(TSLA.US)$Micron Tech(MU.US)$Sandisk(SNDK.US)$NVIDIA(NVDA.US)
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