"Yep... between the stocking up to 'beat the tariffs' and the drop off in sales due to trumpflation, inventories are good... freight/trucking suffers."

Last google search I did showed that American consumer spending makes up 70% of GDP.
Best I can tell, the majority of American consumers are struggling with the cost of goods and services. And a lot of them are about to get a bucket of cold water poured on them when their health insurance premiums skyrocket in January. They will have even less free cash flow to maintain their standard of living. The stock market seems to be totally ignoring this looming problem, but if consumer spending is truly 70% of GDP, then GDP must contract if the consumers are paying more for everything.
So the stock market can't ignore it forever. But for people like me, blue collar people who learned how to invest their capital and ride the coattails of the wealthy by getting in the markets, things are still going well. But how big a part of the population do we make up ?