ECB's President Lagarde: We are facing a real shock - The Economist

I don't know what's coming, but it is coming. We are very close to market capitulation. This can be seen in rising yields across the board and eternal range on JPY pairs which most often dive after a certain point. Gold and silver already had their decline along with crypto. Rising yields and this upcoming event will finally crush the stock market. If I'm to answer why, it'll probably be because of price of oil and AI bust. Banks are not far from going down as well due to the office spaces, it's just not talked about at all. To top it all up, fear of central banks starting to hike rates again like the ECB and the Fed will further crush any optimism left. It's important to look at the USD as well. High inflation will cause the USD to lose ground and this will make precious metals and crypto skyrocket in the future. We're not there yet though.