The Federal Reserve Rate hike is what the Stock Market sell-off is really about. After years of interest free money and prodding Yellen not to raise rates, the big investors are not going out without a fight.
The Battle has begun, sit back an watch who blinks. The Fed or the Big banks and Institutional Investors who truly move Markets?
Keep in Mind there's a Trade Deficit between the US and China. The US on the Deficit end with less than 2% of GDP exports to China. Knowing this, clearly the primary concern for the US is not the Chinese stock market. Like Russia, a devalued China is more manageable than one of Geo-economic value.
China Rate Cut Whipsaws Stocks After Biggest Selloff Since 1996 - Bloomberg Business
Once Unthinkable, October Rate Boost Now on Wall Street's Radar
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