Markets are dropping across the board, which is bad for anyone fully invested but good for people sitting in cash waiting to buy the dip.

• Tech stocks led the fall, with the NASDAQ down as chip stocks like Micron got hammered and the AI trade started unwinding.
• Crypto, gold, and silver all dropped hard, with silver down over 5% in a single day.
• South Korea's market took a big hit, with chipmaker SK Hynix sliding over 12% after a huge AI-driven run-up this year.
• Money is racing into cash and government bonds out of fear, pushing the dollar up and bond yields down.
• Higher gas and food prices are squeezing regular people, so they are putting less into retirement accounts, pulling money out of stocks.

Outlook: More drops are expected ahead, with silver possibly falling back below $30 and cash staying king for now.