The U.S. real economy keeps chugging along—slower than the good old days, sure, but nowhere near recession territory. Globally? Same story. Growth has definitely hit the brakes, but it hasn't stalled out. The real question now is whether this momentum can stick around through 2026. If economic fundamentals hold, that could reshape how we're thinking about asset allocation and market cycles heading into next year. Worth keeping an eye on as we move forward.