May. 27 at 10:36 PM
$SPY $JPM $BAC $KRE $XLF
Foreclosures are increasing.
HELOC have been increasing for several quarters.
Credit Card debt at all time highs.
Hardship withdrawals from retirement accounts.
Margin debt up to
$1.3+ trillion.
Debt loads across governments, businesses and individuals are maxed out.
My call remains in place. Mid 2027 named recession.
Markets typically selloff 6-8 months prior.
Several years ago is when I initiated this call.
My call was SPY
$750 prior to a possible selloff.
That call was made back in 2022.
Well, we’re at
$750
It’s highly possible we move into a H2 2026 blowoff the top move to
$800+
I won’t be participating. Any upside isn’t worth the downside protection.
I’m staying overweight miners/energy/fixed income for now. It’s possible I move to 40% short term treasuries soon.
When I look around and nothing makes sense, it’s time for me to get sidelined.
https://x.com/kobeissiletter/status/2059726938420154712?s=46
