If the Fed has lost control of interest rates and the market is destined to spiral in, you could not tell it by market expectations that are reflected in a stocks position to fair value. Right now, the market is well within fair value.
Two weeks ago, the media was overwhelmed with predictions of a “guaranteed” recession and market collapse. The reason? Bond yield curve inversion took first place, but the discussion was a bit hazy about when. Some said any day now; others said, within 18 months, or so. There may be a correction, eventually, but let’s look at the statistics.