According to Crypto Rover, the NASDAQ has dropped 4% in pre-market trading, marking its worst day since September 2022. This significant decline could have a ripple effect on cryptocurrency markets, as investors may seek to liquidate assets to cover losses or hedge against further declines. Traders should monitor market sentiment closely and consider diversification strategies to mitigate risk.

According to The Kobeissi Letter, Russell 2000 futures are signaling a potential drop of over 5% at the market open tomorrow, which could impact small-cap stocks significantly. Traders should prepare for increased volatility and consider risk management strategies in their portfolios. This downturn could reflect underlying economic pressures or shifts in investor sentiment, necessitating close monitoring of market developments.

According to The Kobeissi Letter, the S&P 500 has seen its largest drop since the 2022 bear market, with the decline contained at -10%, marking a normal and healthy correction. However, equity sentiment, as reported by Goldman Sachs, has entered negative territory, reflecting a sentiment typically seen with a 20%+ drop.