The market is 'overreacting' to weak labor report: Economist

, Apollo Global Management chief economist Torsten Slok joins Catalysts to discuss the market reaction and break down why tech, in particular, is seeing a massive sell-off.

So we think that again with the Paul's emphasis on the totality of the data that the market is overreacting to just one data point. And this second reason why you're seeing the A I stocks going down is because of exactly as you're highlighting the carry trade on binding, you've seen a reversal of a lot of trades where essentially investors were borrowing in yen.Now they went up to 25 basis points.

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