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Equities breaking up from this range and not crashing 20% in Q1 is gonna infuriate many
CPI at or below consensus is probably the trigger to break out of the range
Goldilocks Q1 into Q2 -> Reflation H2 into 2027 with some vol in between
The growth scare / slowdown / recessionary regime was H2 2025 — it is in the rear view imo
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