>>20413345It's not going to go down significantly. Might be a little smidgen of volatility next couple of weeks, and the bears will be licking their lips but in the end they will be disappointment.
Biden is about to unleash gigantic infusion of trillions of dollars in cash into the markets similar to the Covid stimulus in scale, regardless of whether the Fed lowers rates or not. He's going to guarantee HELOCs for everyone who doesn't currently qualify. All of those poors who have maxed our their credit cards and credit lines are going to sign up and move their bad debt into their HELOC. Meanwhile, others who aren't as cashed strapped will take advantage of it on their secondary properties and use it to enter the stock market and crypto for another run.
Source:
https://www.ft.com/content/1d287e0c-afda-46f0-9961-9da157b50101The melt up is locked in.
