I want to be clear; I’m not bearish because of the economy, nor because of stocks trading at bubble-level valuations (though both of those issues concern me).
I’m most bearish because of the ongoing market rig that is setting the stage for a massive 1987-type crash.
I’m talking about the VIX-manipulation/ risk-parity fund algorithms.
If you think I’m creating a conspiracy theory here, take a look at the market’s close of the last 10 days: the S&P 500 is moving less than a quarter of a percent every single day. “Someone” is literally PINNING the market, holding it in place.