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A visual comparison of four markets

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SP:SPX   S&P 500 Index
This is a visual comparison of the USA, Hong Kong, Chinese Internet and Russian markets since around the time of the covid crash. Interestingly there has been a long standing 1 to 6 month lag between what happens to these international markets and the USA. Quite different this time is the magnitude of divergence between these markets. What will happen next? Did the USA investor's pick correctly, staying in the most stable market;or is the USA correction just around the corner, about to play out like one of the three other markets, or something completely different? I've been a bear for much too long, but I'll stay firm and say the correction is coming.
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