We had the new moron in charge of the Fed increase the interest rates by 4 times because he's a hapless cunt who believes in "neutral inflation", as if that's a real achievable goal without crashing the formerly prosperous economy.
Then he met with the top 6 banks to ask whether they had enough liquidity and funds to keep serving american businesses without interruption, which sent the market into a spiral because you don't *JUST* meet with the top execs of the biggest 6 banks and ask that kinda question without making it look like the market is going to tank.
So everyone panicked because the new head of the Fed is a hapless cunt who doesn't know how to do things properly without panicking people and believes in a monetary ideology that's absolute shit. Worst possible man to have in that position when the market is booming.
Think if him as the "fun police" in the middle of a giant party, and you're not that far off.