Also, we all know that even if the Fed wants to project financial discipline, it can only do so temporarily before the system starts fracturing like it did back in ‘23. Then, bail outs and easy money returns, sending risk assets higher.
How is this any different than any four-year cycle? Sure, there was some pull forward of price action with the ETFs, and we didn’t have a blow-off top. But we’re still 4x above where we were in the bear of ‘22.
Just chill and buy.
This one was a risk. But came across this wallpaper and thought it would look awesome in the mudroom ceiling. You can just glimpse it from the living room.
It’s loud and vibrant but done in just the right quantity and context that it came across spectacularly. It’s a fun house.