re: There are some major issues lurking in the US financial markets

Downvote. This “correction” is just pricing in the slowing growth. Forward 12-month PE of the SAP500 is ~15. The lifetime average is about 16.5.

Stock picking is dead and so are hedge funds. Too many people just accept a market level return, just look at the AUM growth of the QQQ and SPY.

Credit markets haven’t been under any stress during the sell off, which means it’s just a standard pull back.

The only thing to be worried about right now is if the Chinese are still willing to purchase U.S. T-notes.

To reiterate this is natural and the market is not expensive. I get why everyone panics becuase when we think “recession”, we think 2008-2009. Something like that is once in a lifetime. Next slowdown will be the typical 6-8 month variety.