The first three quarters for stocks and bonds were collectively the worst since 1931. The Federal Reserve has also made it clear that they don’t want these markets recovering until inflation falls, and it’s hard to fight the Fed. Unsurprisingly, investor sentiment is close to all-time lows. The future appears to be in the hands of central bankers, and it’s little surprise why so much of the world has lost faith in them (if there ever was any to begin with). But long-term investors do best when bears are in charge. Leading indicators also suggest that inflation could slow in the coming months, and with immense political pressure weighing on the Fed, could they pivot?