According to The Kobeissi Letter, the S&P 500 has experienced a significant decline, dropping 4% in a single day, marking its largest intraday loss since June 2020. This sharp downturn is critical for traders as it signals potential market volatility and may prompt a reassessment of risk exposure in equities.

According to The Kobeissi Letter, the S&P 500 has accelerated its losses, dropping 4% on the day, marking the largest decline since June 2020. This significant downturn may impact investor sentiment and could lead to increased volatility in the markets as traders react to economic indicators and potential external factors influencing the market.