Just so you are aware a US recession may be at hand based on an indicator that began flashing this week. No alarm or cause for concern. These things come in cycles and it’s of course not rocket science if you’re as old in the tooth as I am to think constructively about it. I did send a message to my Group on August 21st suggesting the market is over bought and has since dropped further. If interested the “indicator” is an inversion of the yield curve, which occurs when short-term bonds offer a higher yield (return) than long-term bonds, is higher that the two-year (that’s the inversion). The 10-year was 3.70% Friday, while the 2-year was 3.66%. Flipping Several times last week. This is a first disinversion since September 2019 and the first time the yield curve was positive since July 1, 2022. Just think about those dates for a moment. Accordingly, depending on what you may hear, the U.S. economy headed for a soft landing, or is it entering a recession. Either way, the market surely knows, but if it is just a technical correction (meaning a 10-15% drop), the S&P index would be around 5,100-4,818 points. If the economy is entering a recession phase, it could fall to 3,968-3,684 points (meaning a 30-35% drop). Being level headed and staying focussed is key. Technical analysis aside (all those charts - golly what do they mean)…In simple terms we are nearing the the End of global elections and AI 🤖 hysteria?!? Let's see how the US market goes - as all other markets follow suit. With gratitude, Farz Ps. Original museum grade Art is a great hedge which doesn’t correlate with the markets.