Steps from 2025 - 2027:

1- Pressure (Tariff war, etc).

2- Poor performances, “bad” data.

3- Rate cuts (More than expected).

4- Initial rebounds (Mostly discounted).

5- QE (Printing).

6- Very strong increases (Euphoria).

7- Inflation, labor cooling, debt crisis, Bubble (Reality check).

8- Fed countermeasures.

9- Historical global crisis (Collapse).

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