The thing with market participants in particular traders is that they would rather buy into loved sectors like lithium, and periodically gold and energy, perhaps because they move in large percentage terms on a daily basis. Understandably, they're trading for short term profits, rather than necessarily finding a good value stock to purchase.
Short of any deep recession type scenario , there are quite a number of stocks that could have already seen the worst because they have more than done their correction to the downside simply because of 'babies thrown with the bathwater' , they can continue to grow and higher rates and more challenging economic environment may not necessarily impact their businesses to any large extent due to their relative niche business segment and no debt .
