Tech got hit with a shovel today while Walmart and Costco quietly reminded everyone that people still need toilet paper.

Tech got hit with a shovel today while Walmart and Costco quietly reminded everyone that people still need toilet paper.

Tesla down 3.83%, closing at 348.95. AMD down 3.49% to 456.74. Intel down 3.12% to 87.26. Nvidia down 2.91% to 208.48. Oracle down 2.74% to 142.45. Broadcom down 2.63% to 358.76. Chips and semis got crushed across the board — unified, ugly, no outliers.

Meanwhile, Walmart up 2.69% to 106.49. Costco up 2.5% to 971.40. Defensive rotation, not a coincidence.

QQQ dropped 1% on the day. SPY off 0.29%. IWM down 0.66%. DIA bucked it — up 0.27%. That divergence between Nasdaq and Dow tells you exactly where money moved. VIX sitting at 15.85, elevated but not panicking. Gold data unavailable tonight.

Asian markets data unavailable. Watch futures at open.

Nothing on the economic calendar tomorrow.

Earnings on deck: Agilent reports after the close — EPS estimate 1.5154. Burlington reports after — estimate 2.2093, watch that against the consumer rotation you saw today. Bath and Body Works reports before the open — estimate 0.2465, low bar, but sentiment is everything in discretionary right now. Afya after the close at 2.1896. Anterix after the close at 0.5566. BANX reports �� no estimate posted.

Bottom line: tech got sold hard and evenly. When the selling is that uniform across semis, it's not stock-specific. It's a sector getting flushed. The winners today wore khakis and sold bulk goods. Watch whether that rotation holds or reverses at open.

Numbers don't lie. People do. Trade accordingly.