Henrik Zeberg

Speaker explicitly states "we have not seen the top yet," identifies the current ~10% pullback as a "buy the dip opportunity," and forecasts a "30%+ rally" in the Nasdaq to above 30,000. The economic deterioration (labor market, credit) is real but has not reached the critical "waterfall moment." Market technicals (bullish engulfing candle after >4 weeks of decline) and historical parallels (2000, 2007) show major indices can surge dramatically just before a crash. LONG because the set-up favors a powerful, final risk-on rally before the cycle truly turns. The speaker is personally "full risk on" in anticipation. The coincident indicators in the business cycle model cross into recession territory sooner than expected, aborting the rally.

Animal spirits and capital rotation from AI stocks will drive a sharp short-term rally in crypto, with Bitcoin bouncing to $100k, Ethereum reaching new all-time highs, and altcoins surging, as the final phase of the blowoff top.

During the coming market crash after the melt-up, US Treasury bonds will be the only true safe haven, providing essential dollar exposure as a global scramble for dollars and safe assets unfolds, much like in 2008.

Animal spirits and capital rotation from AI stocks will drive a sharp short-term rally in crypto, with Bitcoin bouncing to $100k, Ethereum reaching new all-time highs, and altcoins surging, as the final phase of the blowoff top.

Gold will thrive as the US dollar weakens, with the DXY expected to fall to 94, supporting higher gold prices.

The market is in a massive bubble, and the blowoff top phase is underway, with the NASDAQ and US equities set to continue rallying as capital rotates from Asian markets that have already topped, though increasing volatility is expected.

In the final blow-off top phase, money rotates from large caps into small caps and riskier assets. Russell 2000 has already started outperforming the S&P 500 over the last two months and that rotation will continue.

During the coming credit crunch and crisis, gold and silver will fall because investors will need cash to cover loans and solve liquidity demands, just as they did during the 2008 financial crisis. They are not safe havens in that phase.

During the coming credit crunch and crisis, gold and silver will fall because investors will need cash to cover loans and solve liquidity demands, just as they did during the 2008 financial crisis. They are not safe havens in that phase.

Asian equity markets such as KOSPI (South Korea) and Nikkei (Japan) have already reached major tops, acting as a leading indicator for a global downturn and implying significant downside ahead.