Excellent breakdown here. The Black Friday insight about fewer items at higher prices really caught my attention because that's not just inflation, it's a quality shift that changes which companies win. The connection between Fed rate cuts and forced courage makes total sense too. When cash pays less, sitting on the sidelines becomes riskier than investing, which is the opposite of how most people think about it.
Excellent breakdown here. The Black Friday insight about fewer items at higher prices really caught my attention because that's not just inflation, it's a quality shift that changes which companies win. The connection between Fed rate cuts and forced courage makes total sense too. When cash pays less, sitting on the sidelines becomes riskier than investing, which is the opposite of how most people think about it.
This mirrors the Nifty Fifty era of the 1970s. Investors chased high-quality stocks at any price. Valuation will matter eventually.