Up by the stairs down by the elevator- S+P 500 in focus here

There is an old pro-market expression which cites price action over the longer term as going up the stairs and subsequently going down by the elevator. Of course it takes longer to walk up the stairs than it does when coming back down in the elevator.  Well, if we look at the amazing upside run in the S+P 500 since 2016 we can see it has been a trend that has continued for more than 9 years. If you like a steady climb over that period. However, when you consider; that in the space of just 3-4 trading sessions the index has handed back over 20% of that gain-That folks is what we call going down by the elevator and given the number of floors climbed beforehand, it might be a further ride lower, towards or more rather much closer to the ground floor. You were warned many times about this ride back down and right now the situation for US assets and stocks remains in a perilous position. Of course Trump could change that in just one tweet on Truth Social, but will his bloated ego allow it? Your guess is as good as mine, but perhaps the markets will force his hand at some point soon. The S+P 500 future is still under pressure this morning and right now pricing the opening at around 4,965