Where. To. Begin. The election results led to a
total repricing of the AI-driven economy and by the end of the week – the realization that the overall U.S. economy will produce lower economic growth as a result. Once again, the weekly price action of the big three indexes hid to a certain extent the much larger picture that played out. On the surface, the week ended with a partial recovery Friday following the worst market selloff since the spring. Peel back a layer on the onion and you'll find that the tech wreck continued reaching correction territory – with the Nasdaq falling nearly 12% from its October peak and semiconductor stocks experiencing one of their worst days in history.