What went wrong in the financial markets?

* 'A long period of high interest rates is ahead, an idea that Fed officials have tried to instill in the market, but which investors are only now beginning to digest,' according to CNBC
* 'After living fifteen years in a regime with unnaturally low rates, what is normal seems abnormal,' according to the American publication
* The S and P index had, yesterday, a decrease of about 8% compared to the maximum reached at the end of July

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