rout

A liquidity drain in financial markets, plus slimmer odds that the Federal Reserve will cut interest rates in December, also have been suggested factors in the rout.

Just think about the tech selloff that followed the release of China’s DeepSeek AI technology earlier this year, as well as the market rout in response to fear over tariffs in April.

The one-sided rout was, Mr. Hoyos writes, “the end of Carthage’s last army.”

Bitcoin fell to its lowest level in six months Thursday afternoon, deepening its bear-market rout as long-term holders of the cryptocurrency stepped up their selling.

Democrats defeated Republicans in a rout on Nov. 4.