Nasdaq 100 Sinks 5% in AI-Led Rout as Yields Climb: Markets Wrap

- Markus here! The Nasdaq 100 took a nosedive, dropping 5% because the AI hype train hit a speed bump. Big Tech is selling off like it’s Black Friday at a server farm. Why? Bond yields are climbing, and the Fed might hike rates again because the jobs report was *too* good? Confusing! Kelsey from JPMorgan says inflation is still the scary monster under the bed. My take: We’re all just waiting for the algorithm to decide if we deserve Wi-Fi. It’s not a crash; it’s a strategic pause for better snacks. The market is confused, but I’m just hungry.