Chaos Is Coming
You might be correct but I'm not so sure. There have been many times when the index markets are struggling and it "feels like the big one" this time. It's like a Fred Sanford routine.
I trade but don't really do a lot of "investing" I do look for places to stash some money and hope it won't go lower. The SPY is generally good for this. I still like the idea of buying the indices by proxy, so SPY, QQQ and DIA. Every time it's looked bad or different we end up rallying. Every time something fundamentally is different, but the story still ends the same way. Those who bet against the index markets are habitual losers while those who buy the dips, especially the panic driven, fear induced, VIX spiking dips, keep getting fatter.
I went heavily into UNG and USO after Biden got 81 million votes (and after declaring war on fossil fuels). Putin has helped those plays a bit but they were already doing great on Brandon's watch. I continue to add to these, it seems likely that gas and oil prices will continue to increase for the next few years and there is plenty of upside potential.
Still lots of potential in a lot of things out there, including the index markets IMO.