The recent remarks by US Treasury Secretary Janet Yellen shed light on the dynamics causing fluctuations in the stock market. During a TV interview on April 3rd, Yellen emphasized that the recent market sell-off is predominantly attributed to a significant decline in large-cap technology stocks, rather than the protectionist measures enacted during the Trump administration. This assertion comes as the NASDAQ index reached its zenith on DeepSeek day, highlighting a correlation with the performance of major players known as the MAG7 (the seven largest tech firms in the US). Yellen’s comments underscore her intention to focus on her role as Treasury Secretary, rather than commenting on market trends. Investors should note the implications of these insights as they navigate the current economic landscape, particularly regarding the robustness of tech stocks and their influence on broader market performance.
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