Global markets have taken a sharp hit over the past few days, wiping out trillions of dollars in value across stocks, crypto, gold, and other risk assets. The S&P 500 alone lost more than $1.8 trillion in a single session, while AI-related stocks shed over $1 trillion. Bitcoin slipped to around $59,000, and gold posted its worst weekly decline in months.

So what triggered such a broad selloff? In a recent X thread, one analyst has analyzed the current market sentiments. 

Strong Economic Data Turned Into Bad News

The biggest catalyst was the latest U.S. jobs report. The economy added 172,000 jobs in May, almost double Wall Street’s expectations.

Normally, strong employment data would boost investor confidence. This time, however,…