Here is an alternative view; the market was/is way overbought, because the Fed kept rates too low for too long, kept QE too long, and the Biden administration spent like a drunken sailor.
So it was only a matter of time until we have a correction, and the current climate is simply pushing that possibility forward. And despite the meshugass of the last few weeks, the S&P is down less than 1% YTD.
