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How easy it is to follow the market talking heads, but let's be careful of latching onto supposed analysis of 'market participants' and 'market structure' ... whatever those are ...
Many tech valuations are now back to 2016 or 2017 levels, and quite a few contrarian indicators point to extreme bearishness.
No one trusts a bounce to last at this point, and they simply are hoping for some relief from the unpleasant action.
APD got a "Buy" recommendation, but my analysis doesn't jibe.