Treasury to Unleash $100B+ in Debt, Triggering Sell-Off Predictions

The US Treasury is set to unleash over $100 billion in debt this week, which could lead to a sell-off in the stock market. The "Magnificent Seven" tech stocks, which are reactive to high-interest rates, could be particularly affected. Unprofitable stocks and growth companies that rely on credit to fund growth may also be hit. The market is expected to be more resilient now, but stocks may still give up points in this environment. The author is holding onto hedges and deploying free cash into biotechs, which have been performing well. The author's Group Mind community is looking to create a conviction buy list to take advantage of the sell-off, including industrial/defense names.