While rates are rising faster than at any other time in recent...

While rates are rising faster than at any other time in recent history, we are also expected to see the rates will be sitting at the highest and last for the longest. In this bear run, how to justify the bottom for the stock market? Let's look at how S&P performs in each bear runs in the past 100 years.

As of today, S&P 500 has declined around 25% in the past 10 months.
When it comes to predicting the market bottom, I think any sign indicating a slower pace of rate hike could help the market to rebound, but it's the length of the peak rate period determines where the bottom will be.

It will probably be way too bearish if I say US100 is heading to 94xx, but I did see the likelihood of it testing 104xx this time.
If the index somehow couldn't form a double bottom and reverse upon the CPI data this week, I think another 3% drop to 107xx is possible.
In the case of XRO, if the tech sector crashed again upon the CPI data, I think 71/ 69 barriers will break, somewhere between 60 - 69 is likely in the coming days.
Will XRO test its COVID crash low at $54? Maybe it will upon its earning date on 10/Nov. Before that, around 61- 66 might hold.
I will put my order in if XRO offers an opportunity under $65, and looking for a rebound to $76 - 80 (15%-23% gains).