Are we reaching a full blown liquidity crisis?

2024 was the year of high stock market price, mostly in mega cap stocks, then followed by mid cap and small cap in the last quarter of the year. Even in the crypto space, we saw all time high for Bitcoin. The question is, can the market sustain this momentum in 2025 ? 

This month of January see a massive sell off in the debt market pushing pressure on the stock market. Inflation continues to surge. Can we expect the Fed to intervene by propping up the debt market so it stops bleeding before it rips its ugly head through the stock market.