Strongest argument I see is that low/mid class crumbles faster than fed/fiscal prop them up. Don't see much other than that in the face of GDP growth, balance sheet expansion, rate cuts, possible stimmies, one time tariff effect roll off, etc.
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What's the bear thesis here?
Strongest argument I see is that low/mid class crumbles faster than fed/fiscal prop them up. Don't see much other than that in the face of GDP growth, balance sheet expansion, rate cuts, possible stimmies, one time tariff effect roll off, etc.