🥐 fresh crumbs 

We've narrowed our outlook to two paths

First path

Positive year for equities $SPX reaching ~6600

🔸 Trump provides stimulus ( rate cuts, liquidity )
🔸 Trump cooperates with China, driving dramatic performance in Chinese equities

Second path

Choppy Jan - June $SPX cannot hold above ~6100 leading to a 30-40% decline June - Dec

🔸Trump does not stimulate early + the FED keeps rates elevated
🔸Trump does not cooperate with China

@jam_croissant with @Wordsof_Rizdom

Full interview :