Subject: Re: What Did You Buy Today?
That assumes the tariffs are the underlying cause of the sell-off. I think more along the lines that they are simply the spark, with the underlying cause that stocks are unreasonably expensive, that thanks to that catalyst just happening what at some point has to happen.

I disagree. All stocks are getting sold off regardless of valuations. Including non-US stocks, and small-cap US stocks, and reasonably priced large- or mid-cap US stocks. This smells like the beginning (or the middle) of a panic sell.