I'm a coder in my 30s now. But when I was a coder in my 20s, FWIW almost all the wealthy (male) investors I interacted with were not degrading towards myself and my peers FWIW. And the ones that were tended to be in their 20s or early 30s.
No one knows how high interest rates will go. Interest rates are approximately the floor of what a very low risk return on capital looks like, especially for an average citizen. If they approach 7% and stay there as some think is possible, I would expect stocks to keep selling off, especially if public co revenues don't continue to grow rapidly as the economic "slowdown" continues (not worth arguing exactly what constitutes a recession).