YB, what's your view/opinion of the U.S. economy? Personally I think it's getting better rather than worse. I just don't see the doom and gloom that some are suggesting. Still the best house in a bad neighborhood???
The Fed has good reason to reduce QE even if it damages stocks because there is too much froth in stocks, lower quality credit (ie junk bonds), and RE. The negative impacts of QE are being felt.