This is a retail liquidation. Zero institutions selling right now Goldman mid-day recap: "Asset managers continue to “aggressively watch” and HFs are very active again degrossing (HF activity is a 9 out of 10 on our trading desk this AM).  In TMT: We saw HFs cut risk in Megacap early (big supply AMZN, META, GOOG etc), felt like risk mgmt exercise. LO community very quiet this AM, seems like spooked by price action and "aggressively watching"