Noted another gap down as the fed declares victory on inflation.  The federal funds rate will peak at 5% without getting anywhere near what it was 23 years ago, since most of the money is printed rather than credit.  The mane problem is the stonk market's tight adherence to the fed balance sheet.  Where do you think they're getting the money to shrink the balance sheet?  They're both down 5% from their peaks.  Lions still see a slow meltdown unless the fed backpedals.