Is the S&P 500 Heading for a Correction?

The S&P 500 has declined over 3% in the past month and could face a significant test in December amid rising interest rate concerns and economic uncertainty. The index's heavy exposure to tech stocks, which are trading at high valuations and facing earnings disappointment, makes it vulnerable to a potential correction of 10% or more. Investors are advised to consider diversifying into value-oriented ETFs to reduce risk.