Nov 6 Update

Dow Jones Industrial up 1,500 on Wednesday

Dow Jones Industrial down 1,800 (3.4%) on Thursday

Nasdaq Composite up 364 on Wednesday

Nasdaq Composite down 1,400 (5.5%) on Thursday

Repricing of the AI boom.  Recent doubts on timing and degree of success of buildout. 

Dealer positioning and fund flows.  Correlations – oil down & bond yields down

Possible slowing growth

Fed hike. 

History points to a bounce and a retest of the lows.  Then rally.