Hello, fellow Robo Capital. So, hope you're well. We got a lot to talk about. It took a couple

days off, but we've got big news. The Swiss Central Bank comes out and drops rates. They are

getting dangerously close to a level that most people didn't think was possible after, let's just say the GFC, or especially after

the surveysic sickness when we had that big spike in consumer price inflation. And we have more

corporations coming out in warning of recession. In fact, the main bellwether for the economy

just came out with a red flag warning.

More on that in just a moment.

And then we've got stock market.

We've got a metric within the stock market that we really need to pay attention to.

And unfortunately, it's at a level that makes me uneasy, especially when you look at what

has been happening lately with the stock market. We just creeped a bit of a gain for the week,

but we were very close to being down five weeks in a row on the S&P 500.

So let's dive into these details, see if we can connect some dots, try to be as objective as we can about the data.

First and foremost, let's go over the Swiss Central Bank.

And I want to highlight that the reason I pay attention to the Canadian Central Bank or

the Swiss Central Bank or ECB or Australia

or whatever it is, or Thailand, by the way, is dropping rates huge as well.

It's because it's not a perfect correlation.

But usually these global central banks, especially since, let's say, the late 90s when, you know, with the

Eurodollar system, these banks became more and more and more interconnected, as well as the

economies. You see them kind of working in lockstep. So it's like a cycle. So it's very

rare to see one of these major.

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