All very good points. If rate cuts do happen, there's a good chance stocks continue their trend higher as cheap money floods the market again.

BYND is beyond insane to me -- a food company with negative EPS trading at tech company valuations.

Technically, the Federal Reserve is an agency of the government with the "dual mandate" (even though it's really three) of keeping full employment, stable prices, and moderate long-term interest rates.

Agreed with your point that food prices seem to run higher and higher regardless of what's happening in the world. So, the inflation figure that the government puts out is called Core CPI, which doesn't include food prices and transportation/energy costs. It's way out of touch with reality since we all eat and have to go places.