I was thinking like this over the weekend. when we are focusing on short term we lose on long term picture... Current fed funds rate is 3.75-4%. After this week raise it will be 4.25-4.5.2023 projected rates are 5-5.25%. we are very close to the peak of rate hike cycle....we might not get rate cuts soon but once the hikes are peaked, markets will cool off as better predictions can be done on valuations...