Stocks Have Peaked: The Bad-Cut Trap Nobody's Pricing
0xWoo
The S&P 500 sits 60% above its post-war trend line. Earnings are 60% above theirs. Household equity exposure is at a record high. Cash holdings are near a record low. And the Citi Economic Surprise Index has collapsed from 60 to 25 in a matter of weeks. This is not a pullback setup. This is a structural cliff dressed in a bull market costume.
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