The Good News Bears Are Back

The narrative is coming out. That the bad news bears are back, that bad news is in fact bad news and that it's no longer bad economic news means the Fed is good news because the Fed's gonna slow down or stop. So now you see in come to fruition, you see the banks come out. You saw a discover come out today and said hey, yeah, our net charge offs are gonna double right. They're warning about rising credit card losses. And people like to keep their credit card. The signs are there and this is still early innings in terms of the economy. Meaning that I think it's a lot worse before it gets better.