The story today
1Storage surge. Sandisk jumped +15.7% today, with Western Digital rising +8.2%, as storage names led a broad market rotation away from software.
2Chip weakness persists. Cerebras dropped -12.8% and Cisco fell -9.4%, while Utilities outperformed Financials by 7.1 percentage points in a sector shift.
3Risk stays moderate. 1,035 risk signals span 591 companies, though fewer than 12% of stocks traded down over 2.5% this week; earnings quiet until mid-month.
