Trader: This Is Knife Catching At Its Best Or Worst – Depending On How You Wanna Look At It

“Can the economy handle fewer interest rate increases before rolling over? Does the ever-growing-indebted financial system continue to stall at increasingly lower yield levels? And if so, does that mean we are on the cusp of the next great crisis? Will the Fed have inadvertently tightened into the next slowdown?”

What If This Is The Top? A Truly ‘Taxing’ Concern

“But here is another idea. Although I agree the tax cuts are far from being priced in, what if this change causes a massive rotation out of growth and into value/financial/stocks-that-benefit-most from tax cuts, and in doing so, causes volatility to rise? If volatility rises, then for a whole host of different reasons, market participants will be forced to de-lever their stock portfolios.”