I doubt this is a one day and done and right back up tomorrow kind of thing. I'm gonna wait a bit more to buy qqq and spy again. Let the waters calm down some in case something is announced against the US which would harm gdp projections more and bring everything down even more.
Right now countries are bolstering relations and trade agreements with each other with effort not seen in a long time. If we don't see them bend the knee and get rid of their tariffs in exchange for us getting rid of ours in a few weeks or less then they're likely to have made progress on a cooperation agreement and will then come out with that afterwards. I'm fine with waiting and buying in a bit higher like 2-5% if the alternative is buying in now and being down 5-15% if not more since market pain isn't linear and once it hits a certain point it's pandemonium. Leverage is also a reason for the elevated pain, It's like opium to the markets. People are calling this a "crash" but this is childs play compared to how bad it really can be.