CROSSING THE RUBICON: MARKET PEAK IS VERY NEAR

SPX*US10Y provides early warning that market peak is near. We reached that upper red line last week.

Based on past track record, a peak is near (3 months to 14 months away).

However, based on the speed with which the US10Y rate has climbed, I suspect the peak may be nearer than previous.

This does not mean markets will start going down. It may still go up or melt-up before peaking.

Good luck, be nimble and protect your wealth.