Equity Market Selloff — Worst Session Since July

What we know

Goldman's EOD wrap called it the 'first -1% SPX / -2% NDX move since late July,' with the AI complex taking a sentiment step-function lower. An account on X noted the daily range exploded from 25 points to 96 points after weeks of quiet, catching traders over-sized. Energy ($XLE) was the only sector in the leading quadrant as tech ($XLK) weakened. Another account on X simply said 'Oh it's over over.' A massive crude draw (-11.12M vs +1.9M expected) added to macro tension. Goldman flow desk does see technical support via year-end buybacks and retail.