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The volatility in stocks is historicbut also shouldnt have been unexpected

MarketWatch

October has historically been the most volatile month of the year A period of unusual calm has come to a crashing end on Wall Street. The U.S. stock market saw extreme volatility on Wednesday, a session that not only represented the worst single session for major indexes in months, if not years, but was a rare example of a steep move in either direction. Stocks continued the carnage on Thursday. The Dow Jones Industrial Average DJIA-0.54%  suffered its biggest one-day drop since February in the prior session, shedding 3.2%. The S&P 500 SPX-0.63%  lost 3.3% in its fifth straight daily decline, its longest such losing streak since November 2016. The Nasdaq Composite Index COMP-0.02%  fell 4.1%