Interest rate was hiked rapidly from 1% (in May 2022) to 4% (in Dec 3 2022).

Oct 2022 recorded the lowest for S&P 500 since COVID (till now).

COVID assistance was over. Vaccination reached a critical majority. On Sep 2022, Biden declared "COVID-19 pandemic was over" [1].

Businesses got a reality check.

1: https://en.wikipedia.org/wiki/COVID-19_pandemic_in_the_Unite...

Yep, interesting. Thank you.