Stabilization Rebound

The most likely near-term outcome is that the 12.3% drop proves partly technical after a crowded AI-chip trade unwinds. Dip buyers, systematic rebalancing and dealer hedging produce a rebound, but volatility remains elevated because valuations were stretched after the September Nasdaq high.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.