Oct 2022: S&P 500 down -20% and yields skyrocketing: RECESSION IMMINENT! March 2023: SVB goes down: RECESSION IMMINENT! Aug 2023: Moody’s downgrade of banks: RECESSION IMMINENT! Aug 2024: Yen carry trade blow-up: RECESSION IMMINENT! Oct/Nov 2024: Election chaos: RECESSION IMMINENT! Jan 2025: Inflation resurgence: RECESSION IMMINENT! Apr 2025: Tariff scare: RECESSION IMMINENT! Oct 2025: S&P drops 5% on AI overvaluation scare and “jobs scare”: RECESSION IMMINENT! Same story every time. Don’t get fooled again