Tech just saw its biggest de-grossing in two years. Then Nvidia ripped 7.5%. The general may be back — and positioning suddenly matters.

Tech just saw its biggest de-grossing in two years. NDX is sitting on the 100-day. Earnings estimates keep moving higher. Buy the dip?

Goldman Sachs flags notable tech de-risking ahead of Nvidia earnings, with US mutual funds underweight Nvidia by 100 basis points, the largest