Many institutions and market manipulators should be sensing a growing sense of crisis. Digging deeper into the non-farm payroll data, financial activities, professional business services, and high-end manufacturing jobs all saw significant contractions in May. This means that investors representing high technology, high productivity, and strong purchasing power have sharply declined. - Nasdaq’s tech giants rely on selling AI software and hardware to high-net-worth enterprises and high-salary white-collar workers. - This high-income group is also one of the primary sources of buying power in the stock market. Meanwhile, the increase in low-skill, low-productivity seasonal jobs indicates that more households are losing their appetite for risk investment and their ability to sustain high levels of consumption. Adding to this, rising U.S. Treasury yields have kept interest rates at elevated levels. Large capital players have sensed these macroeconomic shifts, leading to a single-day plunge of over 4.1% in the Nasdaq.