It’s October, which means fall is upon us and winter is fast approaching. However, this year it’s not just the leaves that are falling. The markets have been falling, too.

On Wednesday, October 10, the Dow slid more than 800 points. The S&P 500 fell for the fifth straight day. And the tech-heavy NASDAQ was hit hardest of all, dropping more than 4%. Both the Dow and the S&P continued sliding into October as we are writing this piece.

Once again, the media makes nearly every bad day in the market sound dramatic, but it’s not necessarily cause for alarm. Nonetheless, whenever market volatility spikes, it’s useful to understand why. The more we attempt to understand the why, the less cause we have to fear it.

There are so many headlines and narratives, each with their own twists and turns. The good news is that it’s possible to pick up a thread and attempt to follow it all the way back to its source...

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