The Fear of Missing Out

This is a market that's sort of defies logic, Brian. Follow the Fed. Don't fight the Fed. Markets hate uncertainty. We've been about to have a recession for at least a year, maybe even more. Since the October lows, the S&P is up what? 20% and from the peak in June of last year, where we had a bad inflation of 9%, the S-P is up 15%. So one has to ask themself, how much more upside versus what is the risk to downside from here when we've had 500 basis points in fed tightening over that one year timeframe?