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Embrace Opportunity Amidst Uncertainty
The delay in Federal Reserve action in 2000 contributed to the recession in early 2001, highlighting the importance of timely policy decisions. Current market conditions indicate a positive outlook for risk assets as both earnings performance and historical precedents suggest resilience. The upcoming earnings reports are expected to validate the growth narrative, reinforcing that the broader S&P 500 is maintaining its upward earnings trajectory. Additionally, historical trends show that during presidential election years, if the market is up on Labor Day, it tends to finish the year with significant gains, suggesting a strong performance ahead as the year closes.