Banks are on an interest hiking spree - fixed deposit placed just a few months ago are yielding about 1%+ less than what we are getting now. I saw that CIMB is currently offering as high as 4.2% on its fixed deposit! This interest hiking spree is attributed to FED's rate hike which caused the treasury bills yields to be climbing for a while. Thus, hot money (from past QEs) have been flowing out of risky assets (cryptos, equities, junk bonds etc) to these supposedly more secure funds (bank deposits and gov bonds).
Inflation and loans interest rates have been climbing. Layoffs are starting. We won't be surprised with a recession next year if the FED rate hike and inflation continue. Gotta keep a watch out for recession trends like a rise in the unemployment rate and a decrease in GDP.
War chest
I am trying to fatten up my war chest now in preparation for a recession and stock market crash....