..why risk-reward no favourable- if CPI does not come down fast...

..why risk-reward no favourable- if CPI does not come down fast enough, its bad news (Stagflation), if it comes down as fast as expected, it is still bad news (Recession).

..Recession with higher than longer inflation= Severe Recession/Stagflation

..Recession with moderating inflation = Not A Soft Landing the market is expecting



..Carvana the poster child of irrational exuberance.



As long as you still have that BTD FOMO mentality, stock prices can remain well above where they ought to be trading based on fundamental valuations. When the bad tide arrives, enthusiasm would be crushed and 'unworthy' stocks mean revert typically even below what they should be worth.

Do you know the true value/worth of your stock? Do you even care? Worth is measured by what is going to happen going forwards, not what already had happened.