It’s hard to get on board with the permabear narrative for me. Not only are you shorting the most powerful economy in the history of the world in a falling rate environment with tax cuts coming, but investor behavior has changed.  When the market crashed after the tariffs were announced, retail traders like me piled in and bought the dip. Millions of dollars flood the market every week from 401K contributions and automatic reinvestments. Traders in 2025 don’t back down and put cash under their mattresses at the first sign of trouble. They’re fearless and not as dumb as they were 10-20 years ago.  DIA, SPY, and QQQ are all up 5-15% this year. Why not just sell covered calls on major indexes and sleep well at night? 

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