Over the last 75 years, the average intra-year market drop has been 14%. If you are overly stressed out about the current 7% drawdown, the stock market isn’t for you. Downside volatility is the price investors pay for long-term outperformance

The trailing 12-month P/E ratio for SPX of 26.3 is above the 5-year average (24.8) and above the 10-year average (23.2)

Hedge funds are not well-positioned for a stagflationary economic scenario

The market has had a negative return about 1 in every 4 years

Wars can move markets in the short run, as they are today