Stocks Have Now Dropped 5% - What's Next?

Benjamin Cowen
Benjamin CowenMar 16, 2026

Why It Matters

Investors should prepare for a likely 10% market correction while monitoring labor data closely, because sustained declines in equities that trigger layoffs could create the negative feedback loop that leads to recession risk. Positioning and risk management now could determine portfolio resilience if market weakness deepens into mid‑2026.

Summary

U.S. equities have fallen roughly 5% from recent highs with the S&P, Nasdaq and Dow showing early signs of a broader correction; the presenter argues a full 10% pullback remains the most likely near-term outcome though it may play out in fits and starts. He draws technical parallels to past cycles (notably 2021–22 and late‑1990s fractals) and warns the market could retest bull‑market support before potentially rolling over further. Despite price declines, key labor‑market indicators—initial claims, layoffs and job openings—remain relatively healthy, so a correction alone does not yet signal a recession. The speaker flags the third quarter of 2026 as a historically vulnerable window in the midterm cycle when weakness could intensify if employment softens.

Original Description

A few weeks ago we put out a video saying that the S&P 500 was likely to drop 10%. It has now dropped 5%, so let us check in and see how this may develop from here.
My march newsletter is out, discussing how risk cascades through markets. You can read it here:
Into The Cryptoverse Premium:
Into The Cryptoverse Newsletter:
LIFETIME OPTION:
Alternative Option:
Merch:
Disclaimer: The information presented within this video is NOT financial advice.
TikTok: tiktok.com/@benjamincowencrypto

Comments

Want to join the conversation?

Loading comments...