The market is experiencing significant selling pressure across major indices and cryptocurrencies. Weak economic data, particularly the JOLTS report showing significantly fewer job openings than expected, coupled with concerns about AI's impact on tech stocks, has led to broad-based declines. The VIX is spiking, indicating increased volatility and fear. Many tech stocks, including PLTR, are seeing substantial drops from their all-time highs, signaling a potential shift in market sentiment towards risk-off.