Peak Euphoria: Why the Everything Bubble Is Just About Rolling Over — and What Comes Next

We are now brushing against the upper boundary of the current macro regime — a regime defined by misplaced optimism, deteriorating internals, and dangerous assumptions about liquidity, leadership, and the geopolitical backdrop. Based on our models, the Nasdaq 100, S&P 500, and Dow Jones Industrial Average are all at or near exhaustion levels, likely putting in final highs this week.
Behind the scenes, storm clouds are gathering — and they're about to pour.