ISM Dip Eases Inflation Fears, Stocks Still Slide

The recent retreat in ISM services prices paid in February has eased concerns about a resurgence of inflation at the beginning of the year, providing a dovish signal for the market.
Despite this, stocks have continued to decline, indicating potential exhaustion after a strong rally. Concerns surrounding Apple and Tesla are growing, with issues in China impacting their performance.
Fast money is driving the current selloff, but the overall market rally may be due for a pause, especially with Jerome Powell set to speak in Congress tomorrow. $SPDR S&P 500 ETF(SPY.US)$ $Invesco QQQ Trust(QQQ.US)$ $S&P 500 Index(.SPX.US)$