Look at the chart of P/E ratios over 20 years. It is currently overvalued based on history. Money printing is the main driver behind inflating stock and real estate prices. Excess money has to go somewhere.
However the interest to service the national debt is now biggest spending item in budgets. Even a small slowdown in tax revenues from a mild recession will balloon deficts and pad national debt quickly.
You said SPX is down only 0.88%. I corrected you with 1.5% number for futures. SO you were off almost by 90%.
lol. the chart was delayed. you want a medal?
earn it. what’s the 90 day volatility? if it’s greater than 1.5%, then you can worry yourself to sleep. otherwise, meh.