Market Sentiment - The market has shown resilience in the face of negative headlines, including US-China tensions and a prolonged government shutdown [1] - Institutional investors are largely on the sidelines, leading to a market that continues to drift higher despite stretched valuations [2] Economic Indicators - The US economy is currently strong, with the Atlanta Fed GDP now at 3.9% for the quarter, but the labor market shows signs of a slowdown [5] - There is a decoupling between the strong economy, supported by AI and wealthy consumers, and a struggling labor market [5] Speculative Investments - Recent trends indicate a return to speculative investments, with sectors like nuclear stocks, Bitcoin miners, and quantum computing seeing gains of 3-4% [5] - However, liquidity is tightening, which may lead to lower returns for low-quality, speculative investments [6][7] Investment Strategy - The DGRW ETF, focused on dividends, is highlighted as a potential investment as high-quality stocks may outperform in a tightening liquidity environment [8] - The current dividend yield of DGRW is approximately 1.46%, compared to 1.15% for the S&P ETF, but it has lagged in performance due to low-quality stocks leading the market [9][10]

All right. So, what do you make of just how investors are taking the recent tensions between the US and China, some of the uh credit issues we just hit on just a short time ago, and of course, the government shutdown going into its 20th day. >> Yeah, this market has had an incredible ability to shake off all negative headlines.And we think that the reality of why it's able to do that is because positioning was so light coming out of the April Liberation Day lows. And because you had institutional investors ...