Found current environment enticing for markets due to slowing but resilient economy with contained inflation expectations

Not seeing serious slowdown indicators like credit spreads blowing out or bankers tightening lending standards

Lower rates, fiscal support, and pickup in global activity should broaden market beyond mega-cap tech

Inflation expectations modest with real yields coming down signals rate cuts ahead

Better risk environment with less volatility expected as policy uncertainty diminishes

Credit markets dependent on rates coming down, current data supports this outcome