But here's the thing – behind the party, warning lights are flashing. Bond yields climbing. CAPE ratio at 41. PCE inflation stuck at 3.8%.
Sitting here Saturday morning, there's one question worth asking yourself: Would a 30% drawdown change your life?
If yes, it's time to get defensive. If no, carry on.
The market doesn't care about your retirement timeline. Sequence of returns does.
Sunday night, we'll map the week ahead.
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