Looks like many institutions and big players are starting to sense some crisis vibes. Digging into the non-farm payroll data: jobs in financial activities, professional business services, and high-end manufacturing saw a sharp decline in May. In other words, investors representing high-tech, high-output, and strong purchasing power have significantly decreased. - Nasdaq tech giants' AI software and hardware are meant to be sold to these high-net-worth companies and high-income white-collar workers. - High-income groups are also one of the main driving forces behind the stock market's purchasing power. At the same time, the increase in low-skill, low-output seasonal jobs means more families are losing their willingness to take investment risks and their ability to maintain high levels of consumption. On top of that, U.S. Treasury yields are rising, and interest rate costs remain high. Big money has caught the scent of macro uncertainties, leading to the Nasdaq plunging over 4.1% in a single day.