Dennis is so fat each rate cut for the last 30 years has been correlated with him going on a diet because he stopped buying food and triggered a recession.
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FWIW this is not a call to short the market or sell everything. trying to time the top at ATH is a fool's errand. this is more of a cautionary tale that the roaring bull market that we've had the last few years won't continue forever and as the doom/gloom shorts unwind into this most hated market rally, the expected value for further upside continues to diminish, while tail end risk continues to build.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.