Despite markets nearing all-time highs, consumer sentiment remains at recessionary levels, signaling potential risks. Corporate insiders are selling stocks at a rapid pace, reminiscent of 2021 and 2007. Stocks are currently very expensive, with valuations reaching extreme levels, according to MarketWatch. However, there is still value to be found in small and mid-cap stocks. This year has seen major asset prices skyrocket, with a significant portion of US households heavily invested in stocks. Consumer sentiment is highly euphoric, with 51.4% expecting higher stock prices over the next 12 months, the highest since 1987. The insider sell-to-buy ratio has more than doubled in recent months, nearing levels seen before the S&P 500's bear market in early 2022. US consumers' perception of economic conditions has dropped by 30 points over the last 6 months, consistent with recessionary trends seen during the COVID CRISIS.