I still maintain the Fed should have started unwinding their balance sheet and raising rates earlier than they did but so far its hard to argue with the results. Rates are rising and the market is not collapsing. Consumer balance sheets appear to be as health as ever. Consumer confidence is also up. Finally, the economy is growing healthily. The evidence supports the current market….until it doesn’t at which time the market could already be on a correction path. This is how it works and why timing markets does’t.