The market has already priced in increases in liquidity or earnings; therefore, only the rate of change of these increases can predict prices. When the rate of change in liquidity increases stabilizes, BTC and gold will have peaked. When the rates of change in earnings and CapEx stabilize, M7 and the Nasdaq index will have peaked. This is why exceeding expectations is just an expectation, exceeding expectations dramatically is just an expectation, and exceeding expectations beyond measure is just an extraordinary expectation. Asset pricing involves increments; traders are trading the rate of change of these increments.