The covid crash of 2020 not to do with market fundamentals, more the fear of the unknown.
Once certainty returned fuelled by increased liquidity the retrace not surprising in hindsight.
This time a little bit different as interest rates are in the mix, equities key fundamental.
At this stage I tend to agree with the poster above that interest rates are so low even if they double this won't cause a mass exit from equities to other asset classes.
One thing in back of my mind though is we are playing with the real deal this time around (inflation & interest rates) so better pay attention. The markets have been on a low interest rate bender since 2009 (GFC) and primed for a major correction IF interest rates start trending back to historical norms, will they do that? A long way away from where we are now.
I have no answers only more questions but I do know interest rates are the markets medium to long term final arbitrator, eyes on the prize. Good luck