Jonathan Satovsky discusses the recent decline of over 10% in the S&P 500 index within the first 72 days of the trading year, marking it as one of the worst starts in history. Reflecting on historical trends, Jonathan notes that similar downturns often precede recoveries, except in 2001 due to significant geopolitical events. Emphasizing the cyclical nature of markets, Jonathan highlights the importance of building a resilient financial system that can withstand various economic conditions.