Markets have one out, the Beveridge curve, if US employment remains strong then markets can recover quickly. If we see a sharp drop in job vacencies, higher unemployment, and continued rate hikes, a further contraction in US equities will follow. This will drag down Cryptocurrencys given they too are traded as risk-on assets. Not risk-off assets as people mistakenly claim. Perhaps one day Bitcoin will be viewed as risk off, but it is not in the current climate. S&P 500 growth maybe staggered long term subject to how the war (ongoing) goes. Possibly the most impressive thing is how fast the stockmarket climbed during covid (Ongoing). However, Covid + Western war + Longest economic expainstion ever, must, end, eventually. It has become more about figuring out if it's going to be a long or short reccession, rather than estimating if threre will be reccession.