Recent analyses indicate a rising trend in policy uncertainty in the United States, which is impacting market conditions. The Economic Policy Uncertainty Index has been increasing, contributing to concerns about potential corrections in the S&P 500. Historical data shows that there have been 53 corrections of over 10% in the S&P 500 since 1950, with approximately 60% of these leading to further declines of 15% or more. UBS noted that stocks generally perform well after corrections in a bull market, citing 27 such instances since 1943. Additionally, Torsten Sløk's research suggests that within 24 months of a 10% correction, the S&P 500 typically rebounds by about 10% if no recession occurs; however, if a recession does take place, the index remains down by about 10%. The current rise in policy uncertainty, along with increased S&P 500 variance swaps, indicates that market volatility may be on the horizon, as options markets are pricing in heightened risk. Investors are advised to remain cautious as these factors unfold.