^ This. Plus forward PE of NVDA 30s with even more powerful moat.
Also credit conditions and Fed policy are polar opposites:
https://fred.stlouisfed.org/graph/fredgraph.png?g=1L3YT&height=490
https://i.imgur.com/qqQcLaM.png
Today:
https://fred.stlouisfed.org/graph/fredgraph.png?g=1L3Va&height=490
https://i.imgur.com/lwFwi7r.png