The Two Thousand and Four Scenario

The most bullish instance wasa the 19 80 scenario. That's where volker began a series of multi ear hikes and actually saw equity's markets believe that the fed would stop hiking as the unemployment rate would eventually move higher. But what ended up happening is that you had a, again, a big cell off right into the the peak drawdown out a few months in about two months. The one that looks most like to day is the two thousand and four scenario. And it looks mostlike to day because a excess liquidity rolled over us. There was a big rally, and golden crude going into tightening cycle. So i wanted to kind of contextualize these scenarios where, yes, there are