We also "knew" this months ago (tongue in cheek).
Yet the markets are up substantially.
Maybe we don't always "know" as much as we know? Or we think we know more than we know?
Markets have a way of making us humble. Especially after 40 or 50 years of miss-guessing them.
Just glad I did not listen to those last spring that "knew" we would have a huge crop and prices in the basement.