Big rises in unemployment have coincided with sharp market declines
Once the labor market cracks, it’s game over 
Discussion
They'll probably drop the interest rate before the election to throw it over the edge. They have to rug pull you, blame it on someone else, then convince you to drink the new Kool-Aide (CBDC).
Not saying that won’t hold true again, but AI may be a differentiating factor this time around.