With futures indices currently looking bad there will be more to come IMHO.
There are black swan drivers everywhere so it's hard to pinpoint the trigger. Twilight days for the Trump Administration is one expectation that could have tipped it.
Of course US interest rates had to climb to pay for the debt that is needed to pay for Trump's tax cuts. That alone would not be enough to bring the house of cards down but in the presence of all the other black and white swans it may.
If the markets are to recover quickly they will. If stock market woes tip into the valuation of other asset classes and/or the willingness of banks to lend to each other they won't. I can't say which way it will go but I'm certainly prepared for either outcome and have been for years.
