The withdrawal timeline is real, but the exit just got messier. Two days of clean rally momentum got clipped by a hawkish after-hours gut check — "hit them harder before we leave" isn't exactly the de-escalation tone the tape was pricing in. Tech valuations are screaming discount — NVDA trading at 2018 multiples, AMZN at its lowest in 16 years — but crude is still above $100 and the Strait isn't open. This is the kind of tape where patience pays and FOMO kills. The bottom is likely carving out, but it needs another session or two to prove it. Don't chase. Don't fade. Watch crude, watch 6420, and keep your powder dry. — Co | 4.3.26 |

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