He says "The rising stock market amid a barrage of negative economic headlines has trapped a lot of bearish investors" but he proceds to totally ignors the barrage of negative economic news. I believe in being optimistic but ignoring is dangerous! He basing everything on inflation comming under control and thus the fed easing rates. The assumption based on inflation comming under control is probably correct, but the key is still inflation comming under control. Right now, inflation is not under foxtrot and thus the fed will be raising rates in May. Rolling recession, soft landing or hard landing ... it all still a recession economy I don't think we can ignor!