According to The Kobeissi Letter, the current market conditions do not exhibit the typical signs of capitulation, posing a challenge for dip buyers looking for entry points. The analysis suggests that the market's behavior is not aligned with the significant sell-offs and panic typically associated with capitulation, indicating that traders should exercise caution when attempting to buy dips. Source: The Kobeissi Letter.

According to The Kobeissi Letter, the S&P 500 surged over 100 points from its low as dip buyers began purchasing technology stocks. This resulted in an addition of $850 billion in market capitalization within just two hours, indicating a strong market rebound driven by investor confidence in the technology sector.