Fed Won’t Rush to Stock Market’s Rescue This Time

 After six consecutive quarters of gains that has been driven by generous monetary and fiscal support, momentum has been fading for U.S. and European equities in recent weeks. 

The S&P 500 Index is down almost 4% from its record high reached last month, as surging inflation, tapering fears, an energy crisis and slowdown concerns have weighed on the sentiment. 

Bloomberg 12 October 2021

https://www.bloomberg.com/news/articles/2021-10-12/bofa-warns-the-fed-won-t-rush-to-stock-market-s-rescue-this-time

Asset valuations are elevated, Bank of England says P/E

https://englundmacro.blogspot.com/2021/10/asset-valuations-are-elevated-bank-of.html