https://www.nasdaq.com/article/wall-st-opens-lower-on-rising...
Tax cut stimulus + already stimulated economy = inflation.
Inflation concerns = higher bond yields.
Higher bond yields = people dumping stocks for bonds.
https://www.thebalance.com/current-u-s-inflation-rate-statis...
Official BLS has had it at a 2.0% annual rate for the first half of 2017 and a 1.7% for the second; some citation would be welcome on the claim that it's jumped to something above a 2.885% annual rate since...
And still, actual evidence that the rate of inflation “in the price of things people want to buy” is 2.885% or higher is missing.
Trying to blur the topic is not a substitute for supporting your fact claims.
Again, source?
Housing (urban, at least) has less than 1% quarterly inflation recently:
https://data.bls.gov/timeseries/CUSR0000SAH?output_view=pct_...