Instead of physical war to reset the way way overbought markets, it could be a trade war. Perhaps its a global decision as valuations are just stupid currently.
https://www.currentmarketvaluation.com/models/buffett-indicator.php
Total US Stock Market Value = $62.29T
Annualized GDP = $29.55T
If the below charts history is anything to go by, this indicator doesn't stay above the 2.1 Std deviation very long
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