Rather than pointing to a typical TACO scenario, current conditions strongly suggest we are looking at an oversold market that is exceptionally overdue for a bounce. When evaluating the numbers as of Friday, the Nasdaq had pulled back approximately 8.2% from its most recent peaks. Alongside this, the S&P 500 had dropped roughly 6.8% compared to its own recent highs. This major index has now sustained negative performance for four consecutive weeks, marking a broader decline where it has fallen in six out of the previous 12 weeks overall.