Interest rates were increased to offset the rapid increase in housing prices.

See tards, when the price housing goes up too high, people can't spend money on other shit. So retail sales take a hit.

Low interest rates make it hard for the bond market (10x+ larger than the stock market) and corporate liquidity for payrolls become pinched.

Money is moving out of stocks into more stable long term yield bonds.

Tech companies are over valued, as is the whole stock market in general.

This is not a crash. This is a knee jerk reaction and bears taking advantage with puts.

By December, once the sales numbers come in, all this hype will be a faded memory in lieu of the next doom boner.