The Fed's Hands Might Be Tied, Right?

If we get down to the levels we have projected from a net liquidity perspective, you're talking about the red line being dragged down alongside the blue line. And at 29 hundred s m p from the all time high on january fourth, that is about down forty per cent right? So i think, you know, again,  the bare case is very significant, and it's a lot fatter tailed. It's not to come out and be barish and and scare people. It's just to help them carefully nd thoughtfully manage risk around a lot of these cyclical dynamics.