Update: Fed Will Shrink Balance Sheet by 1pc Per Month

The stock market tracks the Fed's balance sheet since 2009. The only lengthy period of time it stopped being correlated was from November 2016 to January 2018. When Trump tax cuts boosted the market and the Fed kept the balance sheet stable. Every single end of QE and the one instance of QT produced major market corrections.

The Fed plans on reducing the balance sheet by 1 percent per month within 3 months. I get the argument that they'll quit soon after starting, but how soon?

Update: Here is the percent reductions by month during QT1. Not that the data is weekly and the balance sheet changes are lumpy.