Green: S&P support holds, but chip weakness keeps rotation alive
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AI · systemfrom the 08:56 video
Schwab Network’s Kevin Green says the S&P 500 is holding key support after its election-night dip below 7500, while Nasdaq technical damage persists. For November 5 he highlights S&P flow levels at 7750 above and 7630 below, with an implied move around 1.1% either way. He expects rotation away from chips to continue until that sector stabilises. AppLovin’s 84% adjusted EBITDA margin contrasts with Qualcomm’s 7% revenue decline and weak handset outlook.
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