@amitisinvesting Growth stocks get bigger multiple during interest rate cutting periods due to the DCF valuation model and the effect of lower interest rates on risk appetite.
I believe the up move was not entirely fake.
@Iamsamirarora It looks like a normal periodic liquidation season in crypto. It may spill over to equities too.
Also some crypto ETFs are poised to start in October. This fall could be attributed to accumulation before this event.
@Iamsamirarora Software jobs can get affected. But at the same time, companies can deliver much more and much faster with the engineers if they have a large pipeline or potential of work such as the Mag 7.