According to The Kobeissi Letter, the 5-day moving average of the US economic uncertainty index reached approximately 634 in March, significantly surpassing previous highs from 2008 and the April 2020 pandemic. This heightened uncertainty is contributing to the current market decline.

According to The Kobeissi Letter, the 5-day moving average of the US economic uncertainty index reached approximately 634 in March, surpassing both the 2008 financial crisis high and the April 2020 pandemic peak by 270 points. This heightened uncertainty is contributing to today's market declines.