What if March 2020 was the bottom of a long term bull market.....
This is a middle class recession, upper class (the business owners) have piles of covid cash. The middle class has sold out of the markets because the FED. They have bought cars with their gains(If another person tells me how "Tesla bought me this Tesla" I'm gonna punch them in the face), paid their taxes, and remodeled their home. They are now broke. Who is left to sell? Not until interest rates go below 2% can they refi, which is likely to happen also but not until the melt up is officially on.
This is a middle class recession, upper class (the business owners) have piles of covid cash. The middle class has sold out of the markets because the FED. They have bought cars with their gains(If another person tells me how "Tesla bought me this Tesla" I'm gonna punch them in the face), paid their taxes, and remodeled their home. They are now broke. Who is left to sell? Not until interest rates go below 2% can they refi, which is likely to happen also but not until the melt up is officially on.