I think the waves are pretty clear on the direction of the move. Yes, it has fallen quite a bit already, and the question is really whether it will reverse and continue the stupid bull run over the past 14 years. Short answer is no.
For those who needs a reason, I can find one for you. Fed is going to rush to raise interest rates to rush to make up for their mistakes of flooding the economy with cheap money and causing Mount Everest to look like a joke beside Mount Money Supply. Also, the irrational rise after Mar 2020 is clearly a euphoria, just like Tulipomania. Just that it is a modern one. Digitomania.
For those who needs a reason, I can find one for you. Fed is going to rush to raise interest rates to rush to make up for their mistakes of flooding the economy with cheap money and causing Mount Everest to look like a joke beside Mount Money Supply. Also, the irrational rise after Mar 2020 is clearly a euphoria, just like Tulipomania. Just that it is a modern one. Digitomania.
