Market Strategist, RW Advisory

Ron William

Market Strategist

RW Advisory

RW Advisory, founded by Ron William, a market strategist with 20+ years of experience, offers macro/tactical research and advisory to a wide range of financial institutions.

Cross Asset Strategy

<ul>
<li>US equities triggered key reversal signals as market breadth deteriorated, crowded AI leaders unwound, and indexes broke trend support, elevating near-term downside risk. </li>
<li>Macro uncertainty, tighter liquidity, and shifting investor psychology are pressuring high-liquidity growth assets, while gold and quality balance-sheet exposures provide relative resilience. </li>
<li>Multiple late-cycle timing models align into early 2026, raising the probability of episodic volatility and making disciplined positioning, selective risk-taking, and tactical hedging essential.</li>
</ul>


US equities triggered key reversal signals as market breadth deteriorated, crowded AI leaders unwound, and indexes broke trend support, elevating near-term downside risk. 
Macro uncertainty, tighter liquidity, and shifting investor psychology are pressuring high-liquidity growth assets, while gold and quality balance-sheet exposures provide relative resilience. 
Multiple late-cycle timing models align into early 2026, raising the probability of episodic volatility and making disciplined positioning, selective risk-taking, and tactical hedging essential.


Late-Cycle Tension: Rising Volatility Signals a Critical Market Inflection into 2026

<ul>
<li>Surface Strength, Underlying Fragility: Despite record highs in U.S. equities, narrow market breadth, inter-market divergences, and macro-cycle pressures signal growing instability beneath the surface.</li>
<li>Rising Tail Risks: Geopolitical tensions (e.g., fragile Iran-Israel ceasefire) and shifting U.S. trade policy (potential 70% tariffs) threaten to disrupt market momentum and trigger volatility.</li>
<li>Prepare for Inflection: Timing models and liquidity indicators point to a Q3 turning point; investors should rebalance toward quality, raise cash, and deploy tactical hedges ahead of possible late-year turbulence.</li>
</ul>


Surface Strength, Underlying Fragility: Despite record highs in U.S. equities, narrow market breadth, inter-market divergences, and macro-cycle pressures signal growing instability beneath the surface.
Rising Tail Risks: Geopolitical tensions (e.g., fragile Iran-Israel ceasefire) and shifting U.S. trade policy (potential 70% tariffs) threaten to disrupt market momentum and trigger volatility.
Prepare for Inflection: Timing models and liquidity indicators point to a Q3 turning point; investors should rebalance toward quality, raise cash, and deploy tactical hedges ahead of possible late-year turbulence.


US Equities Hit All-Time Highs—but Are Markets Ignoring Growing Risks?

RW Advisory

Late-Cycle Tension: Rising Volatility Signals a Critical Market Inflection into 2026

US equities weaken as AI leaders unwind; volatility rises amid late-cycle pressures. Gold holds, growth falters. Discipline, diversification, and...

Ron William

US Equities Hit All-Time Highs—but Are Markets Ignoring Growing Risks?

Markets are soaring, but risks are rising. This must-read report reveals hidden cracks, key timing signals, and strategies to protect gains ahead...

Ron William