Yield Spike Sparks Sell-Off

MRKT Matrix - Wednesday, May 21st Dow slides more than 800 points as spiking Treasury yields and deficit fears spur a sell-off (CNBC) Johnson Says Agreement Reached on $40,000 SALT Cap Increase (⁠Bloomberg⁠) Target Cuts Outlook On Shopper Pullback, Hit to Retail’s Sales (Bloomberg) Lowe’s sticks by full-year forecast as sales from home professionals boost business (CNBC) Amazon CEO Andy Jassy says tariffs haven't dented consumer spending (CNBC) CoreWeave Surges Past Analyst Targets as Citi Doubles Theirs (Bloomberg) Nvidia CEO Urgers US to Ease AI Curbs After ‘Failure’ With China (Bloomberg) OpenAI’s Biggest Data Center Secures $11.6 Billion in Funding (WSJ) Former Apple Design Guru Jony Ive to Take Expansive Role at OpenAI (WSJ) --- Subscribe to our newsletter: ⁠https://riskreversalmedia.beehiiv.com/subscribe⁠ MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs