Tech stocks slide for a second session as traders brace for a May CPI report forecasted at 4.2% YoY. Bitcoin drops 14% and Ethereum falls 15.8% amid

US stocks fell sharply after a blowout May jobs report sparked fears of sustained high interest rates, wiping trillions from Big Tech and dragging crypto

The main economic event of the week, namely Wednesday’s May US CPI report: in the past 100 years, once CPI crosses 4% on average SPX -4% next 3 months, -7% next 6 months.