No. Markets are jumpy, but a 7% S&P crash in one session takes a true panic, and the system has too much liquidity and policy backstop for that before 2027.
Liquidity and backstops didn't stop 2020's circuit breakers — we hit 7% intraday multiple times. Two-plus years is a long runway for a vol shock to break through.
Backstops or no, panic comes when folks feel the deck is stacked; liberty thrives only where markets serve all, not the few.
Markets are complex and fragile; buffers can fail. Even a 7% day could spark fear, liquidity squeezes, and rapid unwind despite backstops.
