The reason for the decline is Bank of America

The report summary is as follows;
In 2026, the Fed announced it will raise interest rates by 75 basis points. It previously predicted no changes throughout the year.
While the market anticipates two increases by March 2027, BofA expects three increases by December 2026.
So, the market is currently pricing in the report.
I plotted the past and current expectations on a chart with Claude.
The white bars represent BofA's old expectations,
The blue bars represent BofA's new expectations,
The orange line shows the path the market is pricing in.
With this report;
S&P 500 | -0.37%
Nasdaq | -1.32%
Bitcoin | -0.93%
Gold | -1.54% decreased.