Equity markets experienced a notable selloff as the year draws to a close, with technology stocks declining by 2%. Analysts attribute this downturn to year-end profit-taking and tax-loss harvesting strategies, as investors look to secure gains and offset capital gains taxes before the end of 2024. The trading environment has been characterized by thin volumes and quiet options flows, suggesting that the market's movements may be influenced by algorithmic trading rather than significant fundamental changes. Observers are questioning whether this selling trend will persist into the final trading days of the year, with some suggesting a potential rebound could follow as the new year approaches.