I could see that. A lot of uncertainty out there could hit the SM at any time I suppose. It’s hard to see a big correction going into an easing cycle though, which seems to clearly be coming. OTOH, I guess they could sell the easing news over concern of recession or any other excuse, rigged elections, WWIII.
PM’s correcting with it makes sense too. There’s still no stampede into the sector. No volume in anything, especially share related or GLD, SLV.