#MarketPullback The current market pullback is attributed to several factors, including ¹ ²:

- *Weak Jobs Report*: The US economy added only 73,000 jobs in July, far below the expected 104,000, leading to concerns about economic slowdown.

- *Tariff Hike News*: President Trump's announcement of sweeping tariff hikes has dampened market spirits, potentially impacting businesses and corporate earnings.

- *Federal Reserve's Rate Decision*: The Fed's decision to hold rates steady has led to market volatility, with investors reassessing the economic outlook.

*Market Performance:*

- *S&P 500*: Down 1.64% with a current price of 6239.60.

- *Nasdaq*: Down 1.95% with a current price of 22766.60.

- *Dow Jones*: Fell 171.71 points (-0.39%) to close at 44461.28 ³ ⁴ ².

*Investor Sentiment:*

- *Put/Call Ratio*: Rising, indicating some short-term bearishness among traders.

- *VIX Index*: Increased, signaling higher volatility and market uncertainty ².

*What's Next:*

- *Earnings Reports*: Big tech earnings reports from Microsoft and Meta Platforms will provide insights into the market's direction.

- *Fed's Upcoming Meetings*: Investors will closely watch the Fed's meetings for potential rate cuts or changes in monetary policy ² ¹.