Core Viewpoint - Policy decisions have led to a bull market, benefiting asset holders and increasing consumer spending, but market cycles remain in effect [1] Group 1 - The bull market has been fueled by specific policy decisions [1] - Asset holders have seen significant enrichment due to the current market conditions [1] - Increased consumer spending is a direct result of the wealth effect from the bull market [1] Group 2 - Despite the current favorable conditions, market cycles have not been permanently altered [1]