1. The five daily stock market return cycles I track are all pointing down, suggesting a potential end to the S&P 500's rise. 2. Aggressive Fed easing during the pandemic may have negative long-term effects on stocks. 3. Large profits taken since 2021 may have compromised future growth, with S&P 500 earnings potentially declining more than during the 2008 crisis. 4. The yield curve is signaling high risk, with potential S&P 500 declines of up to 67%. 5. Political control in Washington, similar to that during the 2008 financial crisis, may lead to a comparable downturn starting in 2025.
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