S&P 500 Declines Over 3% Post-Midterm Elections

• The S&P 500 has been trading at high levels and reaching new records this year.
• Since the midterm elections, the index has declined by more than 3% as of Monday's close.
• Investors are growing apprehensive about the market's future trajectory.
• For the S&P 500 to fall into correction territory, it would need to decline further.
• The decline has occurred in the context of the S&P 500's recent high trading levels.