Propelled on hopes and dreams. The fed rates only increased by 50bp in May, and the market took a dump. They want to increase it to approx 3% by the end of this year. We are currently sitting at .75 - 1%. You do the math. Gowth / tech sectors are primed to take the brunt of the sell-off. Possibly could start to see a turnaround late Q3 into Q4. Only if inflation starts to drop and the Fed's rate hikes don't push the economy further down. Historically, a balance hasn't been found and the Fed's response has been too much causing more pain before it gets better.
It'll bottom one day wheen the markets are down over 2000 dow points and then closes green, I'll wait for that flush out day and try to buy at the bottom mid-day
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