US Economic data is poor.
Consumer confidence fell again, lowest level in 2 years based on the Michigan consumer sentiment index.
PCE came in higher than expected. Fostering the case for sticky inflation.
More tariff uncertainties, with a new 25% tariffs on all auto imports.
Stock markets fell hard on Friday, Wall Street banks are lowering S&P 500 forecast. Optimism is in short supply.
Setup for a bottom? 
On a cautionary note, the longer stocks remain below the 200dMA, the higher the risk of a bear market materialising.