The Nasdaq dips in to correction territory but wins back losses of more than 2 per cent. We hear exclusively from Goldman Sachs’s David Kostin who says the tech disconnect is the largest issue for clients. U.S. Federal Reserve chairman Jerome Powell is set to testify in the Senate where he will address the effect inflation is having on the American economy while JPMorgan CEO Jamie Dimon predicts the U.S. is headed for its best growth phase in decades, even in the face of rate hikes. Investment fund Cerberus sells off more than $500m of Deutsche Bank and Commerzbank stocks. And in Covid news, Pfizer CEO Albert Bourla announces that the pharma giant will have a new Omicron vaccine this winter.   

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