QT officially wrapping up, budget cuts on the horizon - so where does that leave us? Are we actually back in the game, or just riding another false signal? The macro picture's shifting fast. Liquidity taps might reopen, but fiscal tightening could offset the party. Markets love easy money, hate uncertainty. Right now we've got both knocking at the door. Bulls are pricing in relief. Bears aren't convinced yet. Reality? Probably somewhere messy in between. Watch how this plays out over the next few weeks - that'll tell you if this rally's got legs or if we're setting up for another rug pull.