...the market is forgetting that we do not need to a recession to experience an average -15% drawdown, a correction that could subsequently see a recovery and a market pushing higher thereafter.
...but if the market is blindsided by a recession they didn't see or rather not see coming, then the drawdown would be large enough to be painful for longer.
Correction Map
Non-recession corrections are opportunities to buy the dip, but larger recessionary corrections (I would call them bear markets) require diversification and risk management to make as much the most of the downside as the subsequent upside in my somewhat learned opinion...
