According to @KobeissiLetter, the US Trade Policy Uncertainty Index has risen to a level approximately 25% above its previous high during the Trump Trade War 1.0. The S&P 500 has experienced a decline of 10.5% over the past six weeks, placing it in correction territory and resulting in a market loss of $3 trillion within just four trading days. This situation indicates heightened market volatility and potential trading opportunities for risk-averse and short-selling strategies.