The trouble started after the monthly jobs report showed wage growth picking up its pace. This raised the possibility that faster inflation might also be around the corner.
The central banks have 16 trillion dollars stimulus [QE] around the globe. This money will be reduced gradually in the coming two years, dramatically impacting the stock market, Corporate earning, and liquidity.
At one point, mid, or three quarter-way, a new realization occurs with those traders, margin and leveraged players, to liquidate and the flood gate opens up. Just a thought.