Here is different global-macro perspective in the S&P 500 & why I'm concerned:
97% correlation b/w 2018 & 2025
SP 500/DAX 50-Day correlation went negative in Sep
Warren Buffet Indicator
Hidenburg Omen
S&P 500 has been down five days in a row (otc)
And the S&P 500 price action is seemingly beginning to confirm the aforementioned (and other) warnings, including recent significant declines in global stock markets.