Bessent and Warsh are making statements and behaving exactly in line with the game plan I expected. As you know, since 2023 I have been saying that we may see a dot-com like bubble. In fact, an even much bigger one. Right now, the market is difficult because the Fed is not at the table, I know. But when the Fed comes back to the table, that is when we will have a broad breadth rally. The real rally will happen then. Be careful, when that time comes, many people will think they actually know something. But the reason will be the broad breadth rally. More importantly, the real challenge will be being able to get out near the top of the multiyear bubble that will form. I hope that while we are exiting near the top, like the 2025 tariff and MSTR examples, others will still be saying buy the dip

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