What's happening with the stock market is apparently a correction, not a crash, of overvalued stocks, mostly tech/AI.

[Farmer-Rick]

44. After almost every tax giveaway

To the filthy-rich, the US economy has some kind of contraction in about 2 to 8 years later. Sometimes there is a small correction at first, then followed by a bigger one. It's because the filthy-rich are looking for places to put their excess money and get more money for their money.

They frequently do it in the stock market but other markets are also used to stash unexpected excess wealth of the already wealthy. The tulip bulb bubble comes to mind.

It's hard to predict the future but putting more wealth in the hands of the already wealthy, especially in capitalism, is really bad for most long term economies. But if just want a quick upward flush of conspicuous wealth, giving the rich more is the way to go.