THE ONE THING
Seven Technology names turned late-stage in a single week, the widest cluster this year
By Cathy · Lead Analyst, Fundprints
AMD, Broadcom, Figma, Fiserv, Intuit, Micron, and TSMC all crossed into Crowded or Fading territory simultaneously. A cluster of seven is rare; the last comparable Technology wave, two names in mid-June, preceded an average decline of 8.0% over the following 60 days, recorded fact, not forecast…
The historical echo — what happened the last time this setup appeared — is in the full memo.
THE STORYLINES
Seven Technology names flip late-stage at once
7 names · Technology · names in the full memo
Healthcare builds quietly: Alkermes, J&J, and Lilly draw new conviction
3 names · Healthcare · names in the full memo
Communication Services late-stage: DoorDash, Disney, and AT&T
3 names · Communication Services · names in the full memo
Cisco and Palo Alto hold a different story inside Technology
2 names · Technology · names in the full memo
ALSO IN THIS EDITION
- What's not happening — the silences and price-vs-evidence divergences nobody else tracks
- The tape — all 9 Prints this week, each with its base rate and why it matters
- For your book — what this week's evidence changes for the names you hold
Read the full memo.
The storylines in full, the historical echo, every Print with its base rate, and what it means for the names you actually own. New edition every week.