You heard it here first....I think we are an inkling away from circuit breakers kicking off. Really surprised they didn't kick in this week, it was kind of a gradual drop lower...but I think the markets are going to see more of a drop in the weeks ahead....as long as these tarriffs hang over the markets selling will be continous ... as I mentioned markets will lose 50%++ or more from highs and at this point record highs are a thing of the past.... These markets are done..all technicals are broken and if you noticed it didn't take much at all to create this...as for new historic highs, those are years and years away. We won't see any new highs probably until 2032 or even further out. It will not be under trump ... Probably have a decade of uncertainty as these tarriffs will create so much fear that most people step entirely away from the markets....
You could be right, but 'in a few months' tends be around 6 to 9 months in reality. Quickly looking the historic charts, in 1987 it took about 9 months to get back to ATH. In 2020 the DJIA took about 9 months as well, although the S&P came back faster. Even the smaller sell off in 2018 took about that much time to get back to ATH. And those were quick cyclical bear markets. If this is the start of a secular bear market, then it will take years to get back to all time highs.
And that's exactly the point. Nobody knows what’s coming next—not me, not you, not the Fed, and not even the friggin' algos, which I'm pretty sure everyone will blame for their misery. Anyone pretending otherwise is either selling you something or too deep in their own Kool-Aid.