The bank stocks in the US specifically are in trouble, or anything tied to US bonds. One would question why almost 95% of the deposits inSVB were not insured. And its no surprise following the SVB debacle, BTC and the crypto market started to soar. People are starting to lose faith in centralised banks, withdrawing all their money. And the fall of other banks are starting to follow suit. 

Meanwhile, the US government is focusing their funds on infrastructure projects and supplying billions worth of arms to Ukraine, spendingmoney they don't have. So much political and power moves when they can focus on trying to get the country in order.

It is sad but true. And all this will have an impact on markets worldwide. But no i don't believe it's bottomed out, it will only get worse from here.