All the Life Boats have holes
Obviously I am watching the very beginnings of the sinking of a big boat.
What I see is a lot of scrambling, as investors think they can find a solid life boat. Things like moving into value stocks or the so called epicenter stocks which characterize the hoped for new normal based around people going on cruises or buying stuff after the pandemic ends. Even those indexes have peaked and while they are going down slower, they are still going to sink.