Nasdaq 100 Sinks 4% in AI-Led Rout as Yields Climb: Markets Wrap

- Nasdaq 100 took a nosedive! Big Tech is sweating because bond yields are climbing and the Fed might hike rates. Kelsey from JPMorgan says the jobs report didn’t help; the Fed is still scared of inflation. It’s like buying a supercomputer but the electricity bill is too high. My take: The market is acting like a toddler who just realized AI can’t do their homework yet. We’re all waiting for the "next move" while our portfolios shrink faster than my attention span during a synergy meeting. At least the snacks are cheap now?