I can't look at the S&P and not see a bubble. The buffett indicator is screaming at us. While on one hand I think Trump and his sycophants will do everything possible to prolong the bubble and ideally pass it off to the next guy, a lot of Trump's stated policies seem to want to rush right into making the problem even worse.
Let's hope 2025 can hold and be that last hurrah.... but I'd say prepare for the worst.