Is it the beginning of the end?

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On Wednesday, U.S. equity markets suffered their worst selloff since last February. Volatility spiked 44%, trading at levels last seen in March. Treasury yields retreated slightly with 10-year bond yields sliding 10 basis points from a 7-year high. Growth stocks were hit hardest with a selloff in Tech companies dragging the Nasdaq Composite down 4.1%. The Dow Jones Industrial Average and S&P 500 were not far behind falling 3.15% and 3.29% respectively.

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