The good news? The US Treasury 10Y-2Y yield curve is normalizing to January 2022 levels.

One the mortgage side, adjustable rate mortgage (ARM) share is the highest since the financial crisis (2008).

As Trump continues to stand up for Americans and China (and Democrats) continues to fight, the S&P 500 index lags MSCI World index by most since 1993 (The Clintons).

One can only hope!
