Market is hard to stick with due to rapid policy changes, but caution against exiting because rare for bear market with falling rates, rising earnings, Fed cutting cycle, and market expansion beyond Magnificent 7 to biotech, banks, natural resources, small/mid-caps.

Earnings expectations: 17% on mid-caps, 19% on small caps. Deregulation helping small/mid-cap companies. Many good things but also flat fat tails (risks). Investors should stay unless risks materialize.

Trump trying to run economy hot with midterm coming, while needing Fed to lower rates - a narrow path. Stimulus and deregulation good for business but might make rate cuts difficult. Need rate cuts for banks, private equity, real estate, small caps to do well. Supreme Court tariff issue would be buying opportunity. Main worry is controlling inflation and maintaining rate cutting cycle.

One bill has $100-150B stimulus for small businesses. Typically markets sell off during midterm year.