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selloff

Megacaps Join Widespread Tech Selloff: $GOOGL Plummets 10% in Worst Day Since 2020

October 26, 2023 11:02 pmOctober 26, 2023 9:14 pm

Megacap stocks are now aligning with the broader market’s downward trend, highlighting a significant shift. As reiterated, the path forward seems to depend on two potential scenarios: either interest rates experience a substantial and unexpected decline from their current levels, …

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The timing is interesting: The Bank of Japan announced an unscheduled bond-purchase operation overnight to dampen the selloff in the nation’s debt.

September 29, 2023 8:25 am

Meanwhile, in the US, yields on 30-year Treasuries are poised for their largest quarterly jump since 2009. https://t.co/l72Q23yKu5 — Lisa Abramowicz (@lisaabramowicz1) September 29, 2023

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