In the chart world, this chart is particularly ominous. It displays a trough, followed by peaks and troughs and more peaks and more troughs ... But both the peak and the trough get progressively higher. This is a sign of a very fragile market, trying to assess risk adjusted returns in a world that is returning back to whatever normal rates look like! Interest rates don't matter to the 1%, when the 0.01% of the 1% control the bulk of the world's assets (remember, the very wealthy and the super rich typically do not need or have mortgages, AKA death pledges). The bourgeoisie (middle class) and the proletariats (lower caste) are being carved out by the haute bourgeoisie (affluent), and they are fine with the masses having 10% mortgages or higher!
When will this madness end?
Be fervent in your prayer! Maintain Faith 🙏🏻