market revaluation 40 cent to 60 cents possible.

Nasdaq yield too low dividend yield for Nasdaq as of September 09, 2022 is 1.26%.
This is a clear indication the market is still overheated.

The rise of the gold price indicates inflation increasing . This leads me to believe the fed has failed and will need to keep raising rates and possibly drive gold down to 1400-1600 usd before the market slows.

The market is so speculative and confident in the Fed ability to bail it out that inflation is not slowing.

Given the high level of market confidence In the US government it will take a larger market shock to slow the economy and reduce inflation. Even thought there is negative sentiment the Market confidence of speculators is overriding all logic.

This leads me to believe the market will need a lot larger rise in interest to slow inflation. It will be slow and protracted but will slowly bring gold under $1600 usd ounce.