**📉 Market Pullback Today: What’s Behind the Dip?**
Markets experienced a sharp pullback today, driven by a mix of political drama, overbought technical levels, and economic concerns. Tech stocks, especially chipmakers and Tesla, led the decline, pulling major indices like the Nasdaq and S\&P 500 into the red.
One key trigger was a high-profile rift between Elon Musk and Donald Trump, which shook investor confidence and led to a slide in Tesla shares. Combined with weak U.S. factory orders and signs of slowing global demand, this sparked broad selling across sectors.
Chart watchers point to the S\&P 500 hitting resistance around 5,600, suggesting a technical breather was due. Historically, June often brings volatility, and this may be a temporary dip rather than the start of a bear market.
Top strategists suggest staying cautious but not panicking. Morgan Stanley sees potential upside if the Fed signals future rate cuts, while others warn of a possible 5–10% correction.
**Bottom line:** This pullback is a reality check for overheated markets, not a crash. It may offer a better entry point for long-term investors looking to build positions before the next rally.
