In addition to QT and rising interest rates, high stock price valuations, a slowdown in US corporate earnings, trade wars and tariffs, a slowing global economy, a $21.6 trillion national debt, and $1 trillion annual deficits, the stock market being a forward-looking mechanism and many people thinking that corporate profits for the next 2 years are already baked in to valuations, prospects for share prices don't look very good in the near future.
I can't think of any reason why the stock market should bounce back and resume its upward trajectory anytime soon. People will feel poorer with their IRA's and 401K's heading south, along with their stock portfolios, meaning that consumer spending, which accounts for the majority of GDP, will most likely slow down contributing to a further weakening of the US economy.
