"If this plays out like prior cycles, June would be a candidate month for another low to form. Could be a higher low. Could be a lower low, but the window of weakness is open into June. And history shows us that it can stay weak into mid to late June."
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… So, we're just doing the best we have here. I don't really recommend trying to trade countertrend rallies. I I don't. I I I think it's a fool's errand. This is an academic exercise cuz what else the hell we're going to do for the next few months, okay? So, in this case, when you're thinking about when is the next window of weakness going to end, if this plays out like prior cycles, June would be a candidate month for another low to form. Could be a higher low. Could be a lower low, but the window of weakness is open into June. And history shows us that it can stay weak into mid to late June. Now, what's going on in mid to late June, you ask? Well, the next Fed meeting is mid-June, but the Fed meeting is not the important meeting. Even though it'll be Kevin Warsh's first meeting as chair, and it'll be important, it's not the main thing to watch. The main thing to watch in mid-June is not the Fed, but it's the Bank of Japan. Because the …