Back to common sense: the battle to defend the S&P 500 at 6,000 points is about to begin. A 15% drop sounds alarming, but in reality, it’s simply a correction of the irrational boom of the past three years. Even if it falls to 6,000 points, we’d only be back at the valuation levels from early 2025. With inflation flaring up and dying down again, and squeezed by the situation in the Middle East, valuation correction is the only way out. Mark this number and watch how the pattern takes over the market. #Macro