Muriel Butan had started feeling uneasy about the stock market long before this week’s big string of stumbles. As someone who calls herself “very liberal,” Butan was already struggling to make sense of why stocks had soared to new heights under President Donald Trump. She felt a “a big disconnect” between her views of the future and what the stock market was telling her.

But even now – as the market plunged into the red again Thursday, days after some indexes fell by more than 1,000 points – she was hardly feeling any better.