There have been a total of 48 corrections in the market over the past 34+ years. First-grade corrections: 5–10% declines occur approximately every 1.5 years. Second-grade corrections: 10–20% declines occur approximately every 3 years. Third-grade corrections: Declines of more than 20% occur approximately every 4 to 5 years. Current Market Correction: 🔹 Now classified as a second-grade correction. 🔹 Marks the 15th major correction since 1991. 🔹 The economy is stable, not overheated, and bond yields are low, which is a positive sign Source - Forward