Summary

• The “fear of missing out” isn’t about ignoring risk. It’s about recognizing how costly it can be to wait for the clarity that never fully arrives.
• By the time risks feel clearly resolved, prices have often already adjusted. Markets are forward-looking and probabilistic for the most part, rather than reactive or emotional.
• While President Trump has renewed rhetorical and legal pressure on Federal Reserve Chairman Jerome Powell, investors have largely discounted those threats.

By Brian Levitt, Chief Global Market Strategist and Head of Strategy & Insights

For as long as I can remember, I have been a FOMO guy. A “fear of missing out” has long shaped how I spend my

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