Meanwhile, for the bulls, buying the dip doesn’t seem to have worked. Instead, many investors appear to be opting for “risk-off” vehicles like Treasury notes, utility stocks, and gold. Others might be holding on to their equity positions but not not adding to them, perhaps hoping to batten down the hatches as the headwinds keep blowing. Volume was relatively light on Friday, a possible sign of investors not wanting to be too active in this market. Consider keeping an eye on volume this week, especially with the holidays closing in.

The difference between now and, say, a year ago, is back then investors could often rely on FAANGs or financials to come through and pull the market out of any skid. Today, it’s hard to see what kind of spark could send things higher. The world isn’t ending, but we might need to see some sector or other stick its head up and be the one to help lead us out of here. It’s unlikely to be utilities, by the way, a traditionally “defensive” area and the one sector to gain Friday as investors embraced “risk-off” trades.

While no single report is going to determine the Fed’s strategy, PPI might be one to consider watching. If the 3% wage growth seen in last Friday’s jobs report is starting to permeate other parts of the economy, PPI might be the report to show it. The October PPI, if you remember, showed a surprisingly high 0.6% jump, though other inflation reports since then haven’t shown much evidence of prices inching higher. Also, core PPI—which strips out energy and food—rose just 0.1% in October. Wall Street analysts look for flat PPI growth in November, according to Briefing.com. Weak crude prices might play into that.

The week begins with futures prices showing about a 72% chance for a hike when the Fed concludes its meeting Dec. 19. That’s not necessarily a slam dunk, but historically, when futures prices indicated this high a chance, hikes have typically followed. Some analysts note that if the Fed decided not to hike in December that could actually cause more fear in the market because it might be interpreted as the Fed seeing clear signs of economic erosion. At this point, it seems very likely that rates will go up.

If there’s one thing that really helps tell you how downtrodden this market is, it’s arguably the Dow Jones Transportation Average. That metric, which some analysts see as a useful tool to measure market sentiment, fell more than 8% last week, the worst of any major market indicator. Other so-called “cyclical” parts of the market that tend to thrive in positive times did almost as poorly, with S&P 500 industrials falling 6.3% and S&P 500 financials crumbling 7%.

Amid the selling, technology shares haven’t been able to provide the upside buoyancy we saw earlier in the year as the overhang from the U.S.-China trade war seems to be too great. Tech giant Apple Inc (NASDAQ:AAPL) has also been plagued by worries about its iPhone sales. Meanwhile, the financial sector hasn’t been able to provide upside momentum as Treasury yields have pulled back. So at the moment it’s hard to see what might be the spark plug to get this this sputtering engine revving again.

This comes against a backdrop of other signs of potential Fed dovishness. On Thursday, the Wall Street Journal reported that Fed officials are considering whether to signal a new wait-and-see mentality after a likely interest-rate increase later this month, which could slow down the pace of rate increases next year. On the same day, two Fed speakers made comments that might have reassured investors who’d been worried that the Fed could be hiking into a slowing economy. Those comments followed dovish talk by Fed Chair Jerome Powell and Fed Vice Chair Richard Clarida, who both expressed thoughts about rates now being near neutral.

On Friday, although energy stocks lost some ground, oil prices were helped by news of an agreement involving OPEC and Russia to cut output next year by 1.2 million barrels a day. Oil prices have gotten hammered recently on worries about global oversupply and the potential for decreased demand for black gold. While this week’s agreement could end up helping on the supply side, global demand remains a question mark, especially as the U.S.-China trade war continues to loom. By early Monday, crude was trading back below $52 a barrel, not seeming to get much more momentum from the production cut.

Swinging From the Rough: Sometimes it might seem relatively straightforward to be a long-term investor. The period from mid-2016 through January of 2018 comes to mind. Volatility was calm, interest rates stayed historically low and stocks basically got on an elevator that took them to new all-time highs again and again and again. Wash, rinse, repeat. Then there’s times like now, when long-term investors might feel like they’re swimming against the tide. A slew of negatives have ganged up to put stocks in the red, the world economy appears to be slowing, and volatility keeps rising.

At times like these, it’s not necessarily best to put your head in the sand and hope it all goes away. Instead, the end of the year might be a good time to consider taking a good look at your allocations to make sure what you have still fits your long-term plans. With all the buffeting this year, is your allocation of stocks to fixed income still where you’d planned? Has anything major changed in your life that might cause you to-rethink how you invest? Are you parked in the right sectors considering your risk tolerance? Now could be a good time to start thinking about that, while doing your best not to let day-to-day volatility take you off your game.