November 2022 was the bottom; Fed pivots and recovery by mid-2023
Akash Weekly - November 30th 2022 (Akash Network)
“Overall I think November — we hit the bottom. We’re starting to see some recovery… there’s indication inflation actually reducing, so that could actually influence the Fed to pivot — a pivot means that they would start reducing interest rates sometime next year. So this is the worst part of the bear market, I think.” — 01:11:57
Context: Closing thoughts for the year; he adds at [01:14:52] “mid next year we’re going to start seeing a pivot and this will be history,” urging builders with conviction to stay and “tourists” to leave quietly.