It appears that an interest rate increase was priced into the stock market.
a) negative interest rates
c) direct financing of massive deficits
d) serious inflation
e) something else
My bet is on negative rates first in the U.S. Then when that creates havoc we skip regular QE where bonds are purchased and go direct to funding the deficit. Some where else will do overt financing of deficits before the U.S. does it.