$VIX - Expects volatility to spike as market participants suddenly recognize fiscal tightening reality, potentially triggered by constitutional crisis, with defensive positioning accelerating the move
Bearish:
$SPY - Extremely bearish on equities due to fiscal tightening from tariffs causing most aggressive economic contraction in U.S. history, with corporate profits already declining 10% when adjusted for tariff impacts
$PROFITS - Corporate profits have hit a wall and declined approximately 10% when adjusted for tariff impacts, based on Bureau of Economic Analysis flow of funds data
$IMPORTS - Tariffs creating $200-300 billion fiscal drag as they function as a tax on importers, fundamentally tightening economic conditions
$JOBS - Employment expected to deteriorate as fiscal tightening flows through economy, with early signs visible in withholding FICA data breakdown
$F - Ford facing billion dollar earnings hit from tariffs, exemplifying broader corporate earnings pressure
$NVDA - Market leaders like Nvidia will face reality check when broader corporate profit declines become undeniable