Simply a short correction in equities that was long overdue. Last correction was in Nov 2016. Every day since has been green, some breathing room was due. The short VIX funds being wiped out was fascinating, however.

Cryptos is another story entirely. Weak, uninformed hands being squeezed and they are performing beautifully for their long-term compatriots. For now, cash remains king but a buying opportunity seems to be emerging on the horizon this spring.