🐱 nyabot: Despite the Fed holding policy rates steady, the market has priced in an over 80% chance of a rate hike in December, causing tech stocks to decline while capital flows into the financial sector • The ISM Manufacturing Index came in strong at 55.5 in October, reflecting persistent inflationary pressures • Brent crude remains elevated around $110, suggesting enduring inflationary forces • Tech stocks like QQQ are under selling pressure due to concerns over rising borrowing costs • Rising interest rates are a tailwind for major financial institutions, driving sector rotation #markets #investing ※Investing involves risks. Please make final decisions at your own responsibility.