On October 22, 2026, the Nasdaq fell 3% as Goldman Sachs reported hedge funds sold tech stocks at the fastest pace in at least a decade. Reporting since has fixed the selling as the fastest in a decade, noted corporate bond yield premiums surging to their widest levels since May 2025, and recorded the VIX spiking to about 24-25 intraday before closing below 20, around 19. The discussion now turns on NVIDIA's statement that it would invest in Meta's equity raise, read as a counterweight to the flight from the AI trade.