A brutal market selloff left investors scrambling for safe havens after Friday's unexpectedly strong jobs report. The Nasdaq plunged nearly 4.2%, while Treasury yields spiked to levels not seen since early 2025. Gold prices sank toward annual lows as the rotation from growth to safety accelerated across asset classes.

Ray Dalio of Bridgewater Associates warned the selloff reveals dangerous concentration in artificial intelligence stocks, calling it "classic bubble stuff" that has drawn unsophisticated investors into volatile positions. He noted stretched valuations now make bonds more attractive than equities despite Friday's declines.

Other hedge fund managers took a more measured view, suggesting markets may struggle with new share supply but pointing to resilient economic fundamentals. The upcoming week brings fresh inflation data and potential volatility from the anticipated SpaceX IPO, testing whether Friday's shakeout marked a turning point or merely the start of broader repricing.