Base rate NASDAQ-100 1d ~54% up. QQQ is the epicenter of the current selloff: NVDA/AMD/AAPL leading declines on AI-cost worries, compounded by US-Iran escalation and today's hot-CPI risk to rates. Sharp drop from 746 (6/2) to 707.8 (6/9). Evidence updates prior heavily downward → down, moderate confidence given CPI-driven two-way risk.