Is the Fed's History a Threat to Equity Values?

The headwinds today are the change in federal reserve policy. Easy fed policy was a major reason why equity valuations were carried to these high levels. If anything like that happens in the United States and we don't know where the shock is going to come from, I expect the Fed will cut interest rates once again. And if that happens, equities are going to rally. They're going to go up. But you need a shock in order to get to that and who's there to predict when the shock will happen.