US bond yields stay contained, supporting equity rally into 2026
Investor sentiment is neutral, suggesting the bull market is not yet euphoric or ending
Record cash balances suggest equity melt-up potential over a melt-down
S&P CAPE at extreme levels signals caution but timing remains unreliable
Short-term inflation expectations tick up, but long-term measures remain stable, keeping the Fed relatively relaxed
Global shipping costs fall, suggesting a calmer inflation backdrop despite tariff risks ahead
US ISM points to subdued US core inflation ahead
US inflation edges higher on tariffs but no major surge expected
