The fed is unloading bonds left and right at the same time raising interest rates. That’s a double whammy for the stock market, rising yields will move people towards bonds, and trust me the public cannot push yields down against the fed which hold something like 2 trillion worth of bonds.
DOW futures is now showing another $700 drop for tomorrow.
As the Fed pushes the funds rate up, treasury yields will go up. If they go up much more at all, it will kill bond prices. Then collapse—all of it in a vicious cycle (interest rates decreasing business activity, falling markets leading to increases in unemployment, decreases in revenues, start the cycle again and so forth).
Then, many more lefties will be out of their government jobs, cutting support from under the Democrats. And it’s not the 1930s. Even poor conservatives are fed up with political correctness. Political correctness must go, and it will, one way or another.
The Fed has been selling their holdings for a couple of years now.