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Engineering services drawdown is likely mechanical in nature

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Engineering services drawdown is likely mechanical in nature

Anything touching engineering services got smoked yesterday on heavy volumes, wiping out over $5B in aggregate market cap with no fundamental catalyst. Given recent market volatility, it's possible the move is more mechanical in nature - as funds reduce exposure to crowded positions.

Eli Rodney
Eli Rodney

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Feb 13, 2026

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1 min read

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