With the Nasdaq down 4 days in a row (down ~5% over this stretch) Goldman Sachs top TMT trader Peter Callahan called it "another uncomfortable day out there" as popular thematics remain under pressure (e.g. Secular Growth, AI stocks, ‘Election’ stocks, etc)...
More problematically, rates relief (US 10yr closed ~4.29% and market now pricing >2 cuts this year) are not providing any 'relief' for Equities/Duration at the moment...
