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Bad News For Bulls: BTIG Nailed Tuesday's Nasdaq Selloff
Benzinga·
The Nasdaq Composite fell 2.02% on Tuesday, breaking below Friday's intraday low as predicted by BTIG analyst Jonathan Krinsky. Historical data shows a 90% probability that the Nasdaq will breach Friday's low within five trading days after a 4%+ Friday decline. The semiconductor sector led losses, with the selloff continuing from Friday's 4.18% drop triggered by Broadcom's disappointing AI chip revenue guidance.
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