Fed rate has plateaued—historically the smoke-out phase for weak companies before cuts begin, often culminating in a trigger event like Lehman. US10Y RSI has exited overbought territory, just like before 2001, 2008, and 2020. And that dotted line? Even the Fed’s own rate projections signal recession. Don’t beg for cuts—they come after the damage is done.(Gert van Lagen)