☕ Coming correct

Q: Nasdaq entered correction territory down 11% since October as tech giants like Microsoft (down 34%)

Nasdaq entered correction territory down 11% since October as tech giants like Microsoft (down 34%) and Meta (down 29%) face AI spending skepticism.

Q: Iran war tensions drove crude oil to $110 per barrel while Trump's TACO trade strategy loses effecti

Iran war tensions drove crude oil to $110 per barrel while Trump's TACO trade strategy loses effectiveness with extended peace negotiations.

Q: Department of Homeland Security shutdown continues as House Republicans reject Senate funding compro

Department of Homeland Security shutdown continues as House Republicans reject Senate funding compromise, though TSA workers will resume pay Monday.

Morning Brew·Saturday, March 28, 2026·11 min read

Finance Technology Politics

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AI Summary

Tech stocks entered correction territory with the Nasdaq down 11% since October as investors worry about AI spending returns and geopolitical tensions from the Iran war. The Dow also fell into correction after dropping nearly 800 points, while crude oil prices soared to $110 per barrel amid extended Middle East conflict negotiations.

Key Facts

✓Nasdaq entered correction territory down 11% since October as tech giants like Microsoft (down 34%) and Meta (down 29%) face AI spending skepticism.

✓Iran war tensions drove crude oil to $110 per barrel while Trump's TACO trade strategy loses effectiveness with extended peace negotiations.

✓Department of Homeland Security shutdown continues as House Republicans reject Senate funding compromise, though TSA workers will resume pay Monday.

Author Takes

BearishMorning Brew

TACO trade strategy

TACO tactic carrying less weight due to disconnect between US and Iran

BullishMorning Brew

Big Tech stocks

Could be viewed as relative bargain and resurgence would translate into good news for markets

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