US markets just nuked $1T in a single session.

$SPX -1.2% | $NDX -2.9% | $DJI flat | $RUT slightly green

All the pain? Tech and Comms.
Info Tech -3% | Comms -3.4%

Those two sectors = half the index weight. When they bleed, everything bleeds.

Defensives? Pumping.
Staples +2.9% | Utilities +1.8% | Healthcare +1.25%

Classic risk-off rotation. Mega-cap tech getting dumped while boring boomer stocks hold the line.

This is what happens when liquidity tightens and narratives flip. Watch for contagion into crypto if this continues.

DYOR.