The S&P 500 is currently down 9.3% from its recent high. It's important to remember that market volatility is normal. Since 1980, the S&P 500 has typically seen 3 to 4 pullbacks of over 5%, one pullback of over 10%, and an average maximum intra-year drawdown of 13% each year. Despite these fluctuations, the S&P 500 has averaged an annual gain of 12.3% over the same period. This indicates that while market downturns can be unsettling, staying invested and avoiding panic selling has historically been beneficial.