Pretiorates’ Thoughts 90 – From Liberation to Levitation – But Gravity Is Patient

🔥 Since “Liberation Day” in April, the S&P 500 has climbed another 6 %. The party goes on — but warning lights are flashing.
🔻 Momentum is fading
📉 Sentiment indicators are cooling
🧠 Hedge funds are shifting short
💥 Put/Call ratio signals risky complacency

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