Is the Market Scared of Big US Deficits?

In the last two weeks, every asset has gone down. For sure, risky assets including stocks have gone down broadly this month, but the 'safety assets' of gold, bitcoin, and long-treasuries have also declined. I have long predicted that the end game of our current government folly will happen when the market cuts the US off from easy money (for example, HUGE deficits & Bond yields collapse).  We will see if the end game is here. 

The End Game will be rising Real Interest Rates