Meanwhile, two significant wars broke out, the U.S. narrowly avoided a regional banking crisis, the Federal Reserve hiked rates rapidly, and inflation finally came down to earth. Meanwhile, breakthroughs in areas like fat loss drugs and gene editing are diving stocks like Novo Nordisk (NVO) and CRISPR Therapeutics (CRSP) higher.At the same time,small caps arerebounding strongly amidst a weaker dollar and interest rate hike pause. Image Source: TradingView Follow the Money: Rates Not Likely to be “Higher for Longer” The U.S. Federal Reserve is one of the liquidity providers and drivers of the market.