CNBC busily defending the utter bloodbath in semi stocks as nothing to worry about... but this is the biggest plunge for these market darlings since Brexit (June 2016)...
...and just happens to have occurred as the index finally cleared the 2000 dotcom peak...
FANG Stocks are getting smashed - the biggest drop since Feb 2016...
The key factor is that Momentum is getting monkey-hammered...
For the biggest drop since the election...
And meanwhile - Nasdaq VIX has exploded...