Actually this is a really nice framing. Agility is key and this has been a huge issue in Europe the past few years. More agile national economies are doing pretty well despite inflation, and the sluggish ones are doing awful. From that perspective there's a lot of hope for the US.

Also, it's mostly psychological. We'll tighten our spending when we believe we're in a recession. This may very well be the logic behind the narrative to not watch the stock market too closely and focus on the long term - wouldn't surprise me to be honest and I'd say that's a smart move especially now that people are still listening.