Graham Stephan, relaying JP Morgan: Market correction will happen (a fall of at least 20%)

What was said around it

they sell off assets to raise capital and that would put downward pressure on the market like what we're seeing today. But the real impact to everyone in the United States isn't so much a policy change or a quick drop in the market. But, instead, the investor perception that things could get a lot worse before they get better. Or in other words, it's just fear. All of this is coming at the exact same time that economists worry about record high valuations, changing illness variants, and the possibility that our economy could begin slowing down. Not to mention JP Morgan recently shared that they saw a growing risk of a 20% correction in the S&P 500. And given the fact that we have not seen a 10% pullback in more than 380 days, which is the longest stretch in more than 3 years, it's beginning to worry people in terms of how this might set a new trajectory for the market. Now, in terms of the details, if we look back at the previous corrections, we could see that since 1920, the S&P 500 has on average seen a 5% pullback three times a year. And on average, a 10% correction happens every 16 months with an average loss of just over 15%. All right, so now that you know exactly what's happening

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.