MARKET DAILY

Market 06/05: Capital Rotation Day 2 - NASDAQ Drops 4%

Payrolls blow past forecasts, facilitating rotation out of tech

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Key news:

  • US-Iran Talks: Deadlocked Over $24 Billion in Frozen Assets

  • May payrolls blow past all forecasts

  • Unemployment rate remains unchanged, matching forecasts

  • KOSPI plunges, SK Hynix seeks US IPO

  • SpaceX IPO bans Chinese investors, S&P 500 rejects

  • Bitcoin breaks below $60K, Ethereum falls below $1.6K

  • Lululemon: Solid Q1 but lowers growth outlook

  • Market: Funds' 7450 puts wiped out retail levels

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