This is a great video which is under 7 minutes long, and Marko Kolanovic from JP Morgan breaks down a macro view of the current state of the economy, and what may happen over the next few quarters. Urge you to watch this, and our overall beliefs are aligned with his thinking.
Key takeaways:
Fundamentals are deteriorating We've had a technical move higher Sentiment is overly positive High likelihood of a recession / hard landing Unless the Fed cuts rates, no catalyst for additional highs in the market Fed may backstop the economy at a lower level on the S&P