We know for sure the Fed will continue increasing rates in 2022, possibly in 2023 also. Every time the Fed increases rates, the yield curve goes down. US10Y-US02Y.
Yellow boxes show when Fed raised rates.
I suspect the yield curve will go down to -0.5%, same as previous years.
Markets turn around when Fed starts lowering rates. That might happen in 2023.
I'm optimistic markets will continue going up for the next year.