My bear case

We just had a gang of massive layoffs for white collar jobs nationwide,
you got some of the biggest strikes in history,
you got the GDP numbers being tampered with to look better than they are,
real inflation is higher then that say it is,
wage growth grew for 2-3 years and then stagnated again while housing prices are historically bad,
if Covid savings are so high then why is credit debt at record levels,
upticks in defaults on all loans- auto, CC, mortgages,
student loans repayments,
at least two wars at the moment and very likely Turkey or Iran jumping in which means sanctions on oil- which means higher oil prices- which means higher inflation caused its tied to the dollar,
You got falling home prices and negative equity for people that overpaid the last 3 years and are now finding out what revised real estate taxes look like while they’re portfolios take a shit- just wait until people HAVE to sell. That’ll be fun
You got dogshit commercial real estate that’s been losing money for 4 years but can’t be sold or rented out and literally has to be turned into housing with govt money,
You got banks that adopted risky policy and hold assets negatively leveraged- in the face of rising bonds, falling stocks and junk CRE bonds-bank failure BINGO cards
The government says they’ll give the banks any amount of money to keep them liquid but the government is at record debt levels, sending money to fund foreign wars and soon the interest payments will be more than revenues- which are also down because American tax payers owe almost 700 billion and the tax cuts from Trump fucked amount of money coming in from corporations and the richest people in the country
If Republicans actually liquidate the IRS then who’s gonna collect any tax revenue to fund these bullshit wars and lay these corrupt pricks? Honor system?
We also have what may very likely be the beginnings of some sort of civil war if Trumps followers decide to burn this motherfucker down if he goes to jail or loses another election
The stock market is not the economy and every dipshit in every bank has been predicting halts and tops to interest rates all the way up to where are now while the Fed has been fucking lying about soft landing inflation for the last 3 years $SPDR S&P 500 ETF(SPY.US)$ $Invesco QQQ Trust(QQQ.US)$ $ProShares UltraPro Short QQQ ETF(SQQQ.US)$