VUSA down 5.7% over 30
XDEW - the equal weight version down 1.9% over 30 days.
JAM down 3.87 US Style agnostic
JUSC down 10.5% - US Small/Mid cap style agnostic
BASC down 11.15% - US Small/Mid more quality focused
VWRL down 2.81
ATT down 20.63%
HSBA +14%
Aviva +6.3
ASEI + 1%
BGEU -11.52

I see a rotation and a small drop overall but some pretty vicious drops in some areas. Not sure the sky is falling in just yet :)

It still feels like a shake out and rerating of high PE ratio stocks that have benefitted from 10 years of multiple expansion (according to my totally novice interpretation of events!).

My value leaning holding is down less than the index, whilst a quick scan of Trustnet shows the cheaper the fund (in PE ratio terms) the better it has done this year including many that are 10-15% ahead of the index.

Zidane (great username) posted this in the Blue Whale thread;

P/S Ratio Historical Data

2017 2022
Microsoft 4.85 13
Adobe 8.86 15.57
Alphabet 6.39 8.11
ASML 6.07 13.74
Atlassian 9.59 32.67
Intuit 6.12 14.52
Mastercard 10.27 20.39
Nvidia 9.94 25.16
Veeva 11.19 20.5

Those multiples can't just keep expanding forever, a correction to them was surely long overdue....

I'm kicking myself for waiting for just a little more profit before reducing my exposure to the S&P 500 in the new year as planned, but I don't think this is the prelude to the big one. If people really thought the party was over, I would have thought we'd be seeing unprecedented drops in the most speculative assets and in particular crypto where 50% is just business as usual. It doesn't seem like the mood's going to turn without new information but there will be some of that next week for better or worse, and maybe some clarity is enough for a relief rally?

what is everyone's thoughts at the moment, does this have a lot further to go or is just another 2020 style blip?

I see a popular technical analyst say the S&P cost drop more than 50 percent from here

It's all just a wait-and-see until we get a better idea of where rates are going (which is a wait and see with inflation).

The mood of the market will dictate whether we're back to buying the dip already, or we go to a +20% correction – but either way, if it is a prolonged bear market, you get a huge amount of this kind of volatility .. up and down, relief rallies and further falls.

What the market does in the short-term is basically noise – it's where inflation is over the coming months that'll actually dictate where markets are headed .. Probably not worth taking a stab at it – if something's really unknowable, the best you can do is be balanced for all outcomes .. Or do nothing – if you're not a trend follower or macro forecaster, you just accept that markets go through periods of turmoil, and most ppl lose money trying to react to these periods