In the third installment of the MacroVisor podcast Ayesha and I discuss our views on this latest bear market rally and why it may be closer to its end than beginning:

* The bear market rally was led by short covering, 0DTE options, central bank and TGA liquidity, as well as retail, CTAs, and managed money​​

* There isn't much fuel left for further upside based on our analysis​​

* Downside risks have grown significantly with weakening fundamentals, leading econometrics, 0DTE mania, Fed and ECB tightening, as well as current stretched positioning​​

* As a result, we believe the bear market rally lives on borrowed time​

We hope you enjoy it! If you’d like to see the full video please visit us at https://www.MacroVisor.com