Notice how in recent weeks certain events have marked market sentiment, considering that sentiment is shaped by the collective of traders and investors participating in it.

Trump, as a pro-crypto president, caused the market to rise almost vertically. Then it was not so significant and the supposed creation of a Bitcoin reserve disappointed investor expectations, leading to another decline.

The tariffs are not bode well for future economic prospects, which means we need to drop again.

And if that weren't enough, Trump announces that the US is going to go through a "small" depression. The declines deepen.

And in the background, the resentment of seeing how the Chinese (DeepSeek) dealt a lethal blow to the 7 magnificent (the 7 largest tech companies) that in recent years have been driving the North American stock market upwards.

Come on, we can be as optimistic as we want, but the great overbought situation affecting the North American stock market, due to the pernicious stock buybacks (the cause of the 1929 crash), and remember, with a high correlation to cryptocurrencies, and the enormous global debt, does not bode well.