Is the bond market today or the stock market today correct? "It seems like the equity market is coming in line with the Federal Reserve. This is indicating that the bottom may have been in October 2022. The labor market has stayed strong, which is saving the economy. If you're a long-term investor, you should get into the market on a regular basis. Short term investors should look at some of the low beta semiconductor stocks due to the massive infrastructure bill," says Tony Drake.