Wall Street is experiencing a downturn as stock futures drop after a brief recovery, primarily driven by increasing tensions between the US and China over trade. Analysts warn of potential corrections in the S&P 500 if diplomatic relations do not improve, with predictions of substantial market volatility ahead. Concerns regarding sluggish economic growth are intensifying as key corporate earnings reports approach, adding to the unease. While some investors are retreating to gold amid risk aversion, market participants are advised to remain cautious, as more turbulence could be on the horizon due to ongoing geopolitical standoffs.