1. Despite a 5% pullback from its all-time high, the S&P 500 remains up 1.2% this year, yet investor sentiment has plummeted. 2. The CNN Fear & Greed Index has plunged into Extreme Fear territory, and the percentage of bears has risen to a multi-year high. 3. Economic indicators show signs of strain with disappointing retail sales, a contracting service sector PMI, and a significant increase in the trade deficit.