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Explaining Thursday’s Dramatic Stock Reversal
If you're wondering "Wha' happened?!" on Thursday afternoon, when the bottom fell out for US equities, once again dashing hopes for a turnaround, you might be inclined to point the finger at Peloton. But there was more to it than that.
No, it didn't help that a CNBC report suggested a company whose business is manufacturing connected exercise equipment may have paused production of... well, of connected exercise equipment. However, that was merely a "tipped domino," so to speak.
In a sweeping
