Key factors in forming bull and bear markets
The bull market will end at the end of 2021 because the Fed will end monetary easing and prepare to raise interest rates
The bear market will continue to raise interest rates in 2022;
The interest rate hike will end in the second half of 2023, and the currency market will pick up
The speculation of interest rate cuts in early 2024 will pick up again;
It is expected that the interest rate cuts will continue until the end of 2025 or even the beginning of 2026. The most subjective factors have not changed, and the bull market will not turn into a bear market quickly.
