Author sees the S&P 500 at a multi-year channel top and expects a crash or slow stagflation bleed, with small/mid caps already crashed and mega-caps beginning to sink.
Unpriced research observations (excluded from Calls and Returns):
SPX β SHORT The author argues the S&P 500 has been in a 7-year channel and is at the top where it would naturally crash. He notes the earlier tariff crash was unnatural and fell short, allowing the rally to resume into this channel top. Small- and mid-cap indexes have already crashed while mega-caps are only starting to sink; he expects a real crash if mega-caps follow or a prolonged stagflation bleed otherwise. Exact non-equity contract requires separate historical validation; no generic proxy.
The S&P 500 has been channeling for 7 years now and it's at the top of the channel where it would naturally crash.