He not 100% sure yet if the bottom is in, but its very near in any event. I like his primary count here.
(Market pivots seem to have a funny way of occurring in the days just before a calendar flip though.)
I shouldn’t have to explain the market significance of this, I hope.
Unlike certain others, I’m not going to build a narrative around these expectations.
Those always come later, with the turn in the rear view.
I will note that Sam seems to see a debt ceiling resolution in July about when the extraordinary measures spigot runs dry; whether he’s aware of that or not I don’t know.