It has to be an over bought situation with historically low mtg rates. Auto sales too. A general recession has to start unfolding soon. My guess is the Fed knows it, and jacked up rates just for a future needed drop to re-stmulate. Wash rinse repeat. Same ole same ole.
It’s like they’re driving at 65 MPH, but the car is slowing down anyway, with the foot on the gas pedal. So they try taking the foot OFF the pedal with the hope pushing it back down may gain some power and speed.
The people running are clearly dreamers. Just like John Lenin said re “Imagine….You may think I’m a dreamer, but I’m not the only one”