According to @KobeissiLetter, the current persistent selloff in stocks is occurring without significant bounces and is characterized by minimal market-moving headlines. This trend suggests widespread profit taking and de-risking amid market uncertainty.

According to The Kobeissi Letter, the persistent selloff in stocks is characterized by a lack of major bounces, indicating widespread profit-taking and de-risking amid uncertainty. Traders should note the minimal presence of market-moving headlines, suggesting that the selloff is driven more by internal market dynamics rather than external news. This trend highlights the importance of monitoring market sentiment and risk management strategies. Source: The Kobeissi Letter.