Despite the Dow hitting a record high, the market is experiencing a sharp rotation away from semiconductors into defensive sectors. We analyze the breadth signals, the catalyst behind the chip sell-off, and the specific watchlist for a cautious Monday.

The post Next Day Prep #290: Record High Dow, Bleeding Nasdaq: The Rotation Reality – Thursday 7/2/2026 first appeared on WaveRider Reads: Trading Books Unpacked.