Dead-Cat-Bounce Dies As Tech Leads More Market Turmoil; Dispersion Rivals Dot-Com Peak
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Tech stocks led a market decline, dispelling hopes from yesterday's dead-cat bounce and dragging down Bitcoin and gold. Despite dip-buyers pulling prices up from lows, the downturn persisted amid rotation narratives. Bonds and the dollar remained stable while oil fell on Trump's peace deal comments. Market volatility continued despite mixed macro data, with stocks tumbling on both positive jobs and housing news.
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