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The S&P 500 faces a dangerous situation with three major events (a hawkish turn by the Fed, escalating geopolitical tensions, and upcoming earnings reports from mega-cap tech firms) colliding with bubble-like valuations.
Thus, the S&P 500 could drop sharply by 20%+ over the near term.
Other risks include the escalating US-China trade war.
Dangerous situation
The S&P 500 is currently in an unprecedented situation where three major fundamental events are colliding with overextended technicals and a bubble-like valuation multiple....