'Contained' - DeepSeek 'Damage' Not Widespread, For Now...

Monday’s selloff was confined mainly to the tech sector and has not yet led to the systematic selling of stocks across the board, or unconstrained rises in the VIX and index correlation.

Bloomberg's Simon White points out that there’s a chance to breathe this morning after yesterday’s high drama, as the market continues to digest just how DeepSeek’s new model will impact valuations on US stocks.