![Jerome Powell mountain climber, clinging to the side of a mountain, look of terror on face](https://images.forexlive.com/images/Jerome%20Powell%20mountain%20climber%2C%20clinging%20to%20the%20side%20of%20a%20mountain%2C%20look%20of%20terror%20on%20face_id_c6c01d8b-3861-49b2-a06e-e20f308ad12b_size900.jpg)
I'm cautious on risk assets at the moment but I can see the case for optimism:
1) The Fed put is there. It worked last week.
2) The recessionary winds are blowing but you can't underestimate the US consumer
3) Certainly a better entry point than it's been
4) AI has run a long way but it's real and there are hints that OpenAI has something cooking
But maybe the risk on/off trade isn't the one right now as there is an excellent opportunity to get back in the USD/JPY trade now that the BOJ has waved the white flag.
But I'm open to all ideas, post 'em below.