The economic narrative has shifted significantly. What many market watchers now acknowledge is that we've been navigating recessionary pressures since the post-Covid period—despite what official communications suggested. The messaging from central banks often lagged market reality. But January 1st marked a turning point, signaling the potential start of a new expansion cycle. It's a perspective worth considering when positioning portfolios through the current macro environment. These kinds of contrarian takes on monetary policy and economic cycles help traders and investors reassess their fundamental assumptions.