The sudden market pullback caught many off guard, but here are a few key reasons behind the drop:
๐น Liquidity Hunt
Markets are shaking out overleveraged long and short positions. Classic move to reset before the next big trend.
๐น Trump vs. Elon Drama
Recent tension between Trump and Elon Musk has stirred social and investor sentiment. Elonโs sharp comments may have added fuel to uncertainty.
๐น Jobs Data Incoming
The U.S. jobs report drops today at 8 PM UTC. Early signals suggest weaker numbers compared to last month, and markets are pricing in the possible impact.
These are some of the major factors behind the pullback.
What do you think is driving the market right now? Drop your thoughts below ๐
