[UPDATE] Memory and storage stabilise on 08-20 after a two-session rates-driven giveback
The 08-18 and 08-19 sessions took memory and storage down hard as long-end yields pushed to multi-year highs, with Sandisk -9.01%, Seagate -9.16%, Western Digital -7.43% and Micron -7.02% on 08-18 in the desk price frame. On 08-20 the complex stopped falling: Micron +3.97%, Sandisk +2.02%, Seagate +2.12%, Western Digital +1.51%, SOXX +0.52%. The desk records this as a stabilisation observed in its own price frame rather than a reported event, and notes no fundamental datapoint arrived between the two moves.