When does the pain stop?

So I guess it is not a secret that this is a huge dip. But what is debated are the reasons behind it. I assume all of you know that so many companies that we considered amazing until recently are now 30%-50% in the red. Just look at the top10 reddit portfolio for 2026…. Of course, I see that this might be a temporary thing, but it might be the start of the end of the world too (at least if we read reddit). I’m more inclined to believe the second option… So, do you have a good suspicion what spooked the markets so far?