Ask yourself why this is happening. The stock market indexes are not a measure of economic health or government policy - especially when we’re talking about a 3 month period. I suspect that some money is being moved to bonds, gold, and crypto currencies to offset the risk of fraudulent behavior related to bureaucratic agencies giving favor through regulation and government contracts being selected to favor alignment between itself and politicians devoted to specific committees.
It’s a well known fact that some politicians have been oracles of the stock market through insider trading at the expense of private investors.
The S&P organization specifically has been deemed incredibly corrupt when it comes to the housing market and their ratings of sub prime assets. All of this has been related to deregulation of financial markets as it relates to commercial and investment banking. It caused millions of people to lose their homes, instability in the housing market, and the latest nugget of investors, (predominantly the 3 big investment houses of BlackRock, Vanguard, and State Street - all invested in each other) purchasing the majority of homes across the country. It’s a stock market cabal.
Now, I haven’t reviewed all of the indexes to determine cause and effect but I did a quick look at the S&P over 5 years and it doesn’t look terribly unstable. I always expect there to be adjustments during government changes. Here’s the current 5yr chart.
I expect there to be some discomfort in the financial markets during a time when corruption is being addressed on such a large scale. This is not new and has been communicated by everyone. Inflation is expected to continue rising for at a minimum of a year if not longer. Printing money over decades will have this effect because interest on that debt mounts over time.
If debt is tied to prosperity then you get more debt. If prosperity is tied to war, you get more war. The US has had both for a long period of time. Corruption is related to both of these problems.