#MarketPullback A market pullback refers to a temporary retracement or correction in the price of an asset or security from its prevailing trend. This phenomenon is observed when there's a brief dip in a steadily climbing asset or a small rise in a generally declining asset. Pullbacks are driven by short-term traders taking profits, momentarily disrupting the existing trend.

*Key Characteristics:*

- *Temporary Retracement*: A brief deviation from the dominant trend

- *Prevailing Trend Resumes*: The trend continues in its original direction after the pullback

- *Distinguishing from Reversals*: Requires understanding market conditions and technical analysis tools

Recent market data shows the S&P 500 and Nasdaq experiencing pullbacks, with the S&P 500 down 0.82% and Nasdaq down 0.95% ¹ ².