Orders
Commemorative$Microsoft(MSFT.US) yesterday’s drop is more macro + positioning unwind than company-specific blowup. Rising yields + risk-off + AI capex worries hit large software first, and MSFT is the cleanest liquidity proxy to sell.
For IGV, it doesn’t look like a confirmed bottom yet. Structure is still lower highs + weak rebounds, which usually means distribution or early-stage basing, not reversal.
Bottom likely needs:
• yields stabilizing
• oil cooling
• stronger follow-through on green days
Right now it’s more chop + downside risk than clean entry.
@Bridge Buzz SG
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