We need a blowoff top in January/Februayr and a whiff of rising core inflation
Market expects rte cuts by mid-2024 - IMO it will be very disappointed when it becomes clear that ain't happening and bond rates back up on increased credit demand by Uncle Scam, local and state gubmints and private debtors having at rollover/refinance at higher rates as profitability sinks (e.g., Ford)
Stagflation.
Ergo, why Warren is hoarding cash. $157 Billion USD at last report.