Close the shades till the fed reverses course on its first attempt at a real tightening cycle in 13 years . It’s really that simple . They influence valuation multiples with their policy and they influence wether it makes cent$ to buy risk assets or bonds or appreciate house prices or have nowhere to hide .
They gave the market monetary crack since 2009 , and since November they have been taking it away and have only grown more determined in their rhetoric. They will reverse course as the system has become dependent on monetary excess once inflation begins to decline significantly on a year over year basis . The mid terms will offer a political push to change or at minimum pause current course . China’s latest lockdown was basically economic warfare to really screw western countries more into a tight spot since it increases supply chain inflation pressures again .