#DanielNadem

This has been the worst fourth quarter in a very long time, and the pressure has been felt across nearly every market. Sentiment is stretched, positioning is defensive, and patience has been tested again and again. After periods like this, markets rarely move straight down forever. Relief rallies tend to arrive when exhaustion peaks and expectations are washed out. The setup feels heavy, but that is usually when reversals start forming. A bounce is overdue, and momentum can shift faster than most expect. It may not feel obvious yet, but the relief move is building quietly beneath the surface.