Nigam Arora on SPX & NDX Money Flows, MU Earnings Next Test for Tech

Risk-off sentiment into the Fed's interest rate hike made a sharp reversal afterward, leading to lots of strength during a historically weak period. Nigam Arora analyzes money flows on Wall Street's surface through the Mag 7 before taking a look under the surface into the rest of the S&P 500 (SPX) and Nasdaq-100 (NDX). However, he warns that the strength is concentrated as market breadth wanes. Nigam points to Micron (MU) earnings as the next key test for the tech sector.

The Watch List

22 Sep 2026

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