Isn't there a distinct possibility that this is medium-long term bullish for the stock market? The value of bonds - where banks store money - is inversely correlated to interest rates. There are hundreds of billions + of dollars held in "hold-to-maturity" accounts which are heavily under water right now. IF this turns into any sort of financial scare it could easily tighten lending (deflationary) and cause the Fed to think twice about increasing interest rates - which further debases the value of bonds held as collateral. Stonks follow rates more than the economy (or so it has seemed, especially recently). I won't be doing anything because as a rule I never do anything based on macro/news/etc - but it seems like even if we have a brief painful period this is net positive for stocks generally speaking.
@interrobangbros It's the only thing that fits my personality. Buy right, hold long. I tried to game macro years ago, and I'm supremely confident in my inability to do so effectively. It's a relief to not have to worry about anything that's going on wrt my portfolio, lol :)