According to @KobeissiLetter, the Nasdaq index has experienced a significant decline of nearly 900 points from its recent high after an impressive rise of 2,400 points since April 7th. This downturn follows a statement by Fed Chair Powell indicating that the Federal Reserve will not intervene to stabilize the market in the near future. Traders should closely monitor these developments as they signal potential volatility and shifts in market dynamics.

According to @KobeissiLetter, the Nasdaq has experienced a significant drop, falling nearly 900 points since its recent high, despite a previous surge of 2,400 points from its April 7th low. This downturn was influenced by Fed Chair Powell's explicit statement that the 'Fed put' will not be intervening to stabilize the market in the near future. Traders should consider this shift in monetary policy stance when evaluating market positions. The lack of a safety net from the Federal Reserve could lead to increased market volatility, potentially affecting trading strategies.

According to @KobeissiLetter, the Nasdaq experienced a sharp decline of nearly 900 points after a recent high, following Fed Chair Powell's comments indicating that the 'Fed put' will not support the market in the near future. This development has significant implications for cryptocurrency traders, as market volatility could increase due to reduced confidence in traditional financial supports. Investors may need to reassess their risk management strategies and consider the potential impacts on crypto assets, especially those correlated with tech stocks.