Agreed. Plus ignoring the Macro Economic Situation is always a bad idea.
Reason why the market was bad Last month wasn't because everyone woke up on the wrong side of bed... It is because the Fed and many other countries are raising interest rates.
Cheap Money AKA lowering rates = Higher Stock/Bonds/Cryto/Houses/Car Prices - People take out debt and spend
Expensive Money AKA Raising rates = Lower Stock/Bonds/Cryto/Houses/Car Prices - People stop spending and start focusing on debt repayments
Beware of the Dead Cat bounce... Repent while you still can!