'Good' Jobs News Is Bad News For Bonds, Big-Tech, Banks, & Bitcoin; Gold Gains

First it was SaaS (in particular, and Software in general), then Private Credit, then Insurance Brokers, then it was financials/brokers that were hammered yesterday... and today's it's the turn of real estate service stocks to tumble as investors followed the bouncing AI disruption ball and freaked out over the sector’s vulnerability to the newest crop of artificial intelligence applications and tools that can disrupt countless industries.

Dead cats don't bounce much...