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Oof. I hear you on this. Start exploring what’s out there now so you get a sense of demand right now. It’s a weird market but people are moving around, moving on up etc. Reach out to some friends to talk about any opportunities in their firm/industry, connect with a couple recruiters etc. There’s no harm in gathering information so you can better assess your options.
Like SA1 said your never know.... Go for it! And if you really like the work you're currently doing and want to stick it out longer maybe you can use another offer to negotiate that promotion... Good luck 😃
Given the job market, perhaps you can stay out while managing the optics as in “act as if you like being there.” Consider having a meeting where the promo goals are discussed and follow up with an email for everybody’s awareness. Meet every 4-6 weeks to discuss the goals, challenges and how you’re working towards promotion. Keep psyching yourself up and stay positive pls, I know it’s a tough situation as I have faced similar. Good luck OP.
Hit the dip
I would explore opportunities to plan an exit strategy before they try to burn you out... so sorry you are going through this right now