The Federal Government and the Federal Reserve operate on narratives. Facts play a role, but policy decisions often hinge on the story central bankers want to sell. Right now, that story says inflation is cooling rapidly, paving the way for a shift in monetary policy.

A massive shift is underway in the market right now. While the mainstream financial media remains obsessed with the "AI trade," smart money is already moving. The stocks that dominated headlines—your Nvidias, Microsofts, and Amazons—are taking a back seat. They're underperforming.