People said the same thing in 2008. In fact, the man who just won a Nobel Prize in Economics said the sub-prime market was fine...and it was...until one day it wasn't. Regardless, even if the market did rebound, it would take out people shorting Big Tech more than anyone else. Junk stock with terrible EPS and a stupid business model will stay down. The only people who seriously invest in Bumble are probably politically aligned with it.

The Strategic Petroleum Reserve. Releases from it have been keeping oil down as much as possible ahead of the mid-terms. Oil rising again will drag inflation up even higher, which will make the Fed even more hawkish. They already suggested that 4.6% will not be enough to finish the job of fighting inflation. You also have the fact that the inflation hasn't gone to ridiculous levels yet. People are just adjusting to the new prices for now. Demand destruction hasn't really occurred, which is the sign of an inflation peak.

The market can stay irrational longer than you can stay solvent. That would be my explanation for that garbage popping back up to $30+.