Yep.
Not so surprising in the way I see things.
Markets do funny things and are influenced by things no one can really explain over the short run, in spite of talking heads seeming to know.
Even so, I think there's an issue with interest rates - but it's to do with the US economy and not the stock market (the two are only loosely related in the short run). The Fed is being too slow to lower them. So borrowing costs are slightly higher than economic growth demands.
This is basically what they always do. They always wish to show how tough they are about inflation, even when the risks are much reduced as they are now. They think there's a long run benefit from seeming tough, I expect. Anyway, the serated edge of the stock market may encourage them to act soon.
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