Probably right near term, until the double barreled stimulus comes from the Fed and Treasury (and international).
Anyone selling to try to trade it risks getting whiplash though if the bull run starting in early 2009 is anything to go by.
Repo is tight, layoffs are running hot, and TGA spend is liquidity positive but not instant. 50 year mortgages, stimmies, and Fed rotation are all not here yet, but expected soon.
I for one appreciate the holiday deal. Family may be getting sats for Christmas.