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For what it's worth, I'm not convinced the cause explains the effect. European markets are also down [1].

In the last few days we got information relevant to medium-term energy prices, likely-voter polls into the midterms, the Fed's likelihood of a rate rise and producer and consumer price levels. Those seem more germane than pre-IPO messaging from AI CEOs.

[1] https://www.cnbc.com/markets/europe-markets/



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