Anomaly: This time around, risky asset prices are high before interest rates fall

Usually, prices of risky assets (equities, real estate, corporate bonds) rise when interest rates have been brought to a low level by central banks (we look at the cases of the United States and the euro zone). But this time around , risky asset prices are high while interest rates have not yet begun to fall. This may be due to: Abundant liquidity; The fact that monetary policy is not really restrictive; High corporate profit margins.