Fed fund rate going to 5% plus, we got 3 to 6 months of rate hikes. Everyone thinks seasonal or election going to bail out market. Not with the FED in control.
You wonder why I think 5% or even higher. Last night we went out to eat, Thursday night the place was packed. There still to this day on 3 towns around me not one new car on the lot. Last but not least my wife's daughter tells us at dinner that a house just down the road from them sold in 2 days 25k over asking.
These rate hikes coming untill next summer will send this stock market much lower and many years to recover.