An article worth reading to anyone who has "suddenly" become a market bull 15% off the lows (rather than at the lows):
https://www.zerohedge.com/markets/https ... -continues
For more detail on why QT is expected to accelerate, not decline:
https://www.barrons.com/articles/fed-ba ... 1659731026
When the central bank began QT in June, it set out to partially unwind roughly $4.5 trillion in quantitative easing, or QE, that was conducted in response to the pandemic. The Fed started by letting up to $30 billion in Treasuries and $17.5 billion in mortgage-backed securities, or MBS, roll off its balance sheet, as opposed to reinvesting the proceeds. Starting next month, those caps will rise to $60 billion and $35 billion, respectively, meaning the pace of balance-sheet runoff is about to double. Fed Chairman Jerome Powell has suggested that QT would go on for two to 2½ years, implying that the Fed’s $9 trillion balance sheet would shrink by roughly $2.5 trillion.