Market Volatility and Factors Contributing to Recent Market Moves

The recent market downturn and increased volatility can be attributed to several factors, including narrowing market leadership, rising yields, a stronger dollar, and higher oil prices. These factors have collectively contributed to a 5%+ decline in various indexes. The delayed realization of these factors and the absence of expected monetary accommodation from the Federal Reserve have impacted market sentiment. The rising dollar and oil prices, along with seasonality, have played a role in the market correction.