#MarketPullback The current market pullback is attributed to concerns over US fiscal stability, earnings pressures, and geopolitical uncertainties. Here's what's happening¹:

- *Market Performance*: The S&P 500 futures are down slightly by 0.26%, Nasdaq 100 futures have dropped by 0.44%, and Dow Jones futures are marginally lower by 0.10%.

- *US Debt Downgrade*: Moody's decision to downgrade the US credit outlook has reignited fears about the long-term sustainability of US fiscal policy, potentially leading to higher borrowing costs and dampened economic growth prospects.

- *Earnings Pressures*: JPMorgan Chase CEO Jamie Dimon warned that earnings are likely to face significant pressure in the near future, especially for companies heavily exposed to global supply chains and rising costs.

- *Tech Sector Rotation*: The tech sector, particularly the Nasdaq, appears vulnerable to further rotations after months of sharp outperformance, with investors questioning whether high valuations are justified.

Some key market indicators to watch are² ³:

- *S&P 500*: Current price at 5,956.80, with a 0.41% percent change.

- *Nasdaq 100*: Current price at 21,603.30, with a 0.55% percent change.

Investors are advised to proceed with caution, reassessing their portfolios and being more selective in their allocations amid the current market uncertainty.