Core Insights - The interrelation of market sectors and predictable cycles is emphasized, referencing John J. Murphy's analysis from 1991, particularly in relation to the 1987 stock market crash [1] - The Federal Reserve's role as an independent body in stabilizing the economy during crises is highlighted, contrasting it with potential political influences [2][4] - The significant drop of the Dow Jones Industrial Average on Black Monday (October 19, 1987) is noted as the largest one-day percentage selloff in its history [3] - The ongoing trend towards autocracy in the U.S. is discussed, particularly regarding the current president's influence over interest rate decisions and the implications for the Federal Reserve's independence [4] - The long-term upward trend of stock markets is reiterated, with a reminder of the volatility that can occur, including events termed "Flash Crashes" [5]