The problem is that median income is down, government dependence is up, the world is a tinder box and zirp leaves the Feds ammo belt empty. Don’t know when but bulls running for 5 years plus absent meaningful corrections is not something that compels me to run with the fed these days.
Add to your list inflation. Oh, that’s right, the BLS says there isn’t any. Good thing they don’t count food or energy in the statistics anymore also.