Growth Tech Dumped as Oil Shock Pushes Markets Into Risk‑Off Mode

- If you’re heavy in big tech, growth, or high‑beta names, today hurt: S&P 500 fell about 1.7%, Nasdaq about 2.4%, with weak breadth and the VIX jumping above 28.

- Money is rotating toward energy and more defensive, low‑volatility corners of the market as the Iran‑driven oil shock forces investors to rethink inflation, rate cuts, and recession odds.

- Bond yields climbed again and global institutions now see U.S. inflation staying much higher than the Fed expects, while high public debt and fragile private markets could limit future policy support.