There won't be any rate cuts in the first half of the year, wait until September. The long-awaited rate cuts haven't come, and US stocks haven't fallen much. I feel the market has clearly under priced in the risks of secondary inflation and no rate cuts in the US. If you're timing the market, I think US stocks overall are due for a correction. How can the current yield levels possibly support such high valuations? Just my wild guess, could be completely wrong. Time will tell.