everyone says this time is different and it never is.
Well, no matter how many downvotes I get...I am calling it. And I put my money where my mouth is. I am still long value, but much shorter on both S&P and Nasdaq - and both on leverage.
And it's not just because of tariffs. The rules of the game have changed, no one can claim that the US can keep on going with a 7%+ deficit (the main source of growth since Covid) and US stocks have been waiting for a Trump-like event to start questioning their crazy multiples.
I will come back to this post at the end of the year, either looking for someone to buy me lunch or to buy everyone lunch!