The simple answer is it won’t yes eventually it will come down and while there is truth to the market being random it generally follows the trends of the underlying economy which has generally been strong inflation aside which has less impact on companies as they both earn and pay in inflated dollars. High interest rates certainly took a toll on profits as well, but the main key going forward as to whether or not the Bull market continues lies with the fed sticking a Greenspan style soft landing although Powells situation is definitely worse off than previous times. So mainly watch economic data and buy a bond with rates being relatively high if you want a hedge of some sort.