Blame interest rates. Yields tracked Fed interest rates pretty tightly up until the GFC. This decade has been anomalous in this respect, with yields going up

Blame interest rates. Yields tracked Fed interest rates pretty tightly up until the GFC. This decade has been anomalous in this respect, with yields going up while interest rates fall, and so it seems that the market is on a correction-course. We've also had nearly a decade where inflation is higher than the Fed rate. Making borrowing effectively more profitable than saving. And what are investors going to do with this borrowed cash? Well, probably buy assets that, at minimum, track inflation. The Fed tried raising rates in 2018, but Yellen was replaced at the Federal Reserve with Jerome Powell, who quickly reversed course and put into place policies which are fueling an asset bubble. Now we are in this awful position where the economy needs higher interest rates, but whomever pulls the trigger on raising is going to tank the market, hard.