Felix Zulauf is more listenable than what the headline suggested. I decided to take notes, not because I agree with him but that this is part of my meditation to digest the market. Felix seem to think that there are a lot of people that do not know what to do with their money. He finds it interesting that many analyst in the news is getting very bearish, not optimistic just when he is thinking of revising his forecast upwards. In Felix’s last appearance in Dec 2024, he mentions the following:

1. There is going to be a global contraction of liquidity that could set the stage for severe market corrections and increased volatility.
2. Stocks will peak early in 2025 and then experience a 15-20% correction.
3. New US trade tariffs could lead to retaliatory measures from trading partners, triggering a global trade war.
4. Recommend investors start 2025 more defensive, reducing equity exposure, long duration bonds and load up on Treasury Bills and Gold.

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