But I cannot find a single incident where the stock market bottomed before the bonds did. Now you can make the argument that the bonds have bottomed. The biggest evidence for that is the MOVE index chart that I posted here a few days back - combined with the confirmation from the bond prices of course. And if in a month the bond prices are higher than they are today, then I will agree that we have bottomed. But it is unprecedented for the bond prices to bottom before the Fed is done raising rates. They normally bottom after ~6 hikes, give or take.