According to The Kobeissi Letter, the Dow Jones Industrial Average has experienced a massive drop of 1,700 points within a single day. The S&P 500 is approaching a correction territory, being approximately 3% away, while the Nasdaq is merely 0.5% away from entering a similar phase. This drastic market movement has resulted in a loss exceeding $4 trillion in capital, impacting investor sentiment and potentially influencing trading strategies.

According to The Kobeissi Letter, the Dow Jones Industrial Average has experienced a dramatic decline of 1,700 points within 24 hours. The S&P 500 is nearing correction territory, being just 3% away, while the Nasdaq is approximately 0.5% from a similar status. This sharp downturn has resulted in a loss exceeding $4 trillion in capital.