That's a good post but I would urge anybody holding stocks over night to use an extra measure of caution. There is a point in bull-bear cycles that the siren's song of the bear has an uncanny ability to reduce the equity value of many traders.
The FED is on a mission to "kill" inflation.
That was easy enough when Biden was emptying the Strategic Petroleum Reserve.
But I think that card had been fully or mostly played out.
The classic definition of inflation is
"too much money chasing too few goods"
So the obvious solutions are
1) reduce the amount of money (which is very difficult due to the National Debt)
or
2) increase the amount of goods (meaning "drill for oil in the U.S."- not going to happen)
3) The FED's solution: drive the economy into recession.
Anyway, looks like the FED's personalized dragon might be waking up.
GLTA