Or maybe the market will start to realize that there actually won't be any rate increases for the time being...
Why raise rates on a retracting economy? That's one sure way to increase the speed of a recession. Or on an economy that has inflation mainly due to supply constraints that won't be affected by Fed interest rates?
Or, better yet, maybe the market is realizing that as the Fed said the rates won't be applied until the balance sheet is dealt with.. last I checked, they said that was supposed to start back in December... do you see any tapering so far?