Sell-Off Lessons

Why META and Microsoft Became the Market’s Barometer

The biggest question right now is what actually triggered yesterday’s sell-off, and when the market might begin to recover. Several factors converged at once, and the most obvious of them was the drop in crypto, which hit the psychologically important level of $80K.

I still don’t fully understand how retail investors covering margin calls in crypto could pull down the broader equity market. But if we avoid overcomplicating things, we can say that several forces aligned simultaneously.