The market has not priced in what the FED will do next.
Meanwhile the after Oct 27 year end rally seems to suggest otherwise. Those investors seem to think interest rates have peaked.
The market always anticipates. We shall see if they are right.
Always anticipates and reality are often two different things.
Such as suckering in the little guys at the top.
Selling to the smart money at the bottom.
That makes for a dozen different things potentially. Then we could include the deceit on Wall Street and all sense of factoring in things is garbage.