I disagree. I think what’s shaking up the markets is a fear that the fed will not return to QE - i.e. the QE experiment has failed and will be shutting down. I

I disagree. I think what’s shaking up the markets is a fear that the fed will not return to QE - i.e. the QE experiment has failed and will be shutting down. If however they do resume QE, expect markets to fly to new heights.