According to @DowdEdward, CNBC reports that private-markets platform Yieldstreet posted a $208 million loss and has rebranded as Willow Wealth, with investors recording additional losses, source: CNBC via @DowdEdward. CNBC presents the rebrand following steep losses in private-market investments, a datapoint traders can use when evaluating risk and liquidity in alternative yield platforms, source: CNBC.

According to The Kobeissi Letter, the Magnificent 7 Index has decreased by more than 30% from its all-time high on December 18th, indicating a significant downturn in large cap tech stocks. This decline is notable as the S&P 500 has fallen only 7.5% year-to-date, suggesting that investors heavily invested in large cap tech are experiencing greater losses. The current trend positions large cap tech firmly in bear market territory.