The price spread between Ferrari and GM plummeted at the end of 2025, signaling a reversal of the "luxury/high-income" trade-off.
K-shaped consumption continues in 2025, but the market is beginning to anticipate 2026 with a rotation towards "Main Street".
Mid, small, and micro caps are starting to capture expectations of hotter and less concentrated growth.
Less Wall Street, more real economy?
That could signal a job growth window finally or it could signal a jobless recovery. Hard to say just on a chart alone.
Yes please