No crash.
No boom.
Just a transition phase where sloppy money gets punished and smart money wins.
📉 Growth cools, not collapses (U.S. ~1.5–2%).
💰 Rate cuts coming — but slower than the hype. Liquidity will be selective.
⚠️ Long-term bonds still mispriced risk. Be careful.
📈 Stocks? Yes — but only quality names: large caps, banks, utilities, govt winners.
🏗️ Real upside shows up in 2026: private markets, infrastructure, energy, real estate (≈30% cheaper than public).
Bottom line:
Stop chasing.
Start selecting.
Manage risk.
Play the cycle intelligently.
BTC
64,868
-3.90%