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Tech stocks plunged yesterday under the weight of higher long-term interest rates.
The 10-year Treasury yield soared to 2.14%, which is the highest it has been since July 2019.
The price of oil is falling as fast as it rose, as sentiment swings and speculators look to take profits.
That could be the first headwind that becomes a tailwind as the ongoing correction carves out a bottom and investment flows rotate from growth to value.