From historical experience, within the four-year political cycle, the periods around midterm elections and general elections often correspond to windows of relatively higher success rates for risk assets. Assuming no severe economic recession occurs, by around 2028, U.S. interest rates are highly likely to be at the lower end of the cycle, with financial conditions becoming more accommodative, providing support for liquidity. If a recession occurs before 2028, then both the pace of rate cuts and balance sheet policies will be forced to accelerate and amplify, creating an even more certain window for mid-to-long-term allocation. If a recession happens before 2028, I’d probably buy in large amounts.