According to The Kobeissi Letter, S&P 500 futures are currently down 3% and on track for an 8% loss over two days, marking the largest two-day decline since the 2020 pandemic. Nearly $4.5 trillion in market capitalization has been wiped out since the after-hours high on Wednesday. This indicates a significant shift as investors rush to the sidelines, suggesting potential selling pressure and increased volatility in the markets.

According to The Kobeissi Letter, the S&P 500 experienced a significant drop of 3.7%, marking its largest daily decline since the 2020 pandemic lockdowns. The index has lost nearly $3 trillion in market capitalization since the after-hours high at 4:25 PM ET yesterday.

According to The Kobeissi Letter, S&P 500 futures have experienced a dramatic reversal, transitioning from a +100 point gain to a -200 point drop. This movement suggests today might witness the largest single-day decline in the S&P 500 since the 2020 pandemic lockdowns. The market has seen a significant devaluation, with over $2.5 trillion in market cap erased, exacerbated by after-hours trading and tariff impositions.

According to The Kobeissi Letter, short interest on US stocks has surged to approximately 2.3%, marking the highest level since the 2020 pandemic. This represents a significant 20% increase in short interest as a percentage of shares outstanding over the past few weeks, indicating one of the fastest rises in at least a decade. Such a rapid increase in short interest could suggest a bearish sentiment among traders, potentially impacting trading strategies and market movements.

According to The Kobeissi Letter, short interest on US stocks has increased to approximately 2.3%, marking the highest level since the 2020 pandemic. Short interest as a percentage of shares outstanding has surged by about 20% over the past few weeks, representing one of the fastest increases in short interest in at least a decade. This trend could indicate growing bearish sentiment among traders, potentially impacting trading strategies in the near term.

According to The Kobeissi Letter, the NFIB Small Business Uncertainty Index rose by 14 points in January, reaching 100, marking the third-highest level in history. This significant increase is the largest monthly rise on record, surpassing the spikes seen during the 2020 pandemic and the highs in 2017. This heightened uncertainty could potentially influence market volatility and trading strategies, particularly in sectors reliant on small business performance.

According to The Kobeissi Letter, the NFIB Small Business Uncertainty Index surged by 14 points in January, climbing to 100, which is the third-highest level in history. This represents the largest monthly increase ever recorded and surpasses the spikes seen during the 2020 pandemic and the previous high in 2017. Traders should consider the implications of heightened uncertainty on market volatility.