DW8 Growth, page-14040

During bull and bearmarkets, prices tend to rise and fall to illogical, unreasonable, andirrational levels. We have witnessed this with DW8 rising to a peak of 21c & a current low of 2.5c. Illogical, unreasonable & irrational in both extremes.

The current hawkish monetary policy path is making room for the nextcrisis, which will lead to another round of liquidity and stimulus. The extreme highs will return again in future.

US bond yields are coming down & inflation may have peaked. Another 2 x 0.5% rate rises for June & July are already priced in. US Feds may then pause for a few months & become less hawkish. Rally could commence later this year as the market is forward looking.