Part 4/10:
Michael How then addressed the deteriorating liquidity conditions that have underpinned recent market growth. He noted the precarious position of the Federal Reserve and questioned its capacity to prevent another financial crisis. His commentary points to a significant stall in liquidity, which could exacerbate existing financial vulnerabilities as the year progresses.
Market Sentiment and Technical Analysis
Darius Dale transitioned the discussion to market sentiment, expressing a stark shift in his outlook from bullish to "ragingly bearish." His defensively positioned allocation model reflects concerns over a looming refinancing crisis in 2025, as well as potential inflationary pressures exacerbated by current U.S. policy decisions.