The “feel” of the market has absolutely changed. For 2026 as a whole, the sensation of fighting the beast has dissipated, and my disposition has morphed from defensive to opportunistic. I will have more to say later, but for the moment I’ll simply offer two thoughts:
First, the prospect of a truly meaningful breakdown is looking clearer than ever……….
……and, second, I’d like to offer a note of gratitude that the federal budget will be slimmed down by $50,000 per month on unneeded pancake makeup, now that Kristi Noem has been thrown to the curb.
