Let's take a look at the economy he is inheriting. In short, he is staring down one of the most unique economic pictures in modern history. In financial markets, stocks are at a record high. Pockets of the market with ties to some of the biggest themes in AI right now are euphoric. And big consumer names that most people on the street have heard of are being left behind. In the bond market, the 30-year Treasury bond is at its highest level since 2007.