The correction that started last week is a typical correction around this time of year. Looking back, it will prove to be another buying opportunity. Corrections will happen. They are unpleasant for sure. Markets tend to take the escalator down during corrections. This leads to fear and volatility. All we can do is watch price action and get clues to when it will end.
One reason given for this correction is around China’s financial woes. I believe the current fear around China’s financial instability, as it relates to US markets, is overblown.