US and European stocks slipped lower overnight with the tech space the main mover falling over -1%, a decline which was overshadowed by Tesla (TSLA US) which tumbled more than 5%. On balance we still feel tech can follow through to the downside with our target ~12,500 back to the levels of March, not an unusual move as we’ve already seen 2 of this degree in the last 9-months.
MM remains a keen buyer of tech ~7% lower
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