Bull Market, Correction…or Something Bigger?

Dear Traders,

One of the greatest books that shaped our humanity, and probably affects our day-to-day lives even more than the Bible, the Quran, the Torah, or other religious texts, is a book written by a Scottish philosopher named Adam Smith.

It’s called The Wealth of Nations, originally published on March 9, 1776, and it basically laid the foundation for how modern economies work.

Smith introduced the idea that free markets, guided by individual self-interest and minimal government interference, can lead to prosperity for a nation. He talked about the “invisible hand” that aligns private gain with public good, and the benefits of specialization, trade, and competition. This became the blueprint for capitalism as we know it.

Fast-forward to today, this whole idea of globalization and free markets is under pressure.

President Trump, and now more and more leaders and economists (especially from the center-right), are pushing to reset the global trade system. The belief is that this open free market system doesn’t really work when countries play unfair, like manipulating tariffs or using hidden barriers to gain an advantage. So there’s this growing support for rethinking or even breaking apart parts of the global free trade order.

This isn’t just politics, it’s impacting the markets too.

We’re now in this strange period where a lot of things are overlapping. There’s geopolitical tension, trade war talk again, elections coming up, inflation concerns, and now talk of a possible recession. But on the charts, something interesting is happening, many technical analysts are starting to say that sellers are exhausted. So despite all the macro fears, we might actually be setting up for a new bull market. Of course, uncertainty remains.

This brings me back to Ray Dalio’s idea of long-term and short-term debt cycles. Historically, we’ve seen economic resets happen every 7 to 10 years:

• The dot-com bubble in 2000.
• The financial crisis in 2008.
• The short but sharp pandemic crash in 2020.
• And then a tightening cycle that started in January 2022 and bottomed in October 2022.

From late 2022 until now, we’ve seen a massive AI-driven bull market, which lasted through 2023 and into the beginning of 2025. But now, the global economy is correcting again. Maybe into a recession. But recessions are not necessarily bad. They’re part of the cycle. They flush out the bad players, force deleveraging, and help the economy reset in a healthier state. The weak companies fail, capital gets reallocated, and the system becomes more efficient and more productive.

Right now, we’re waiting. If a new deal gets done, maybe on trade or rates, the recovery could be fast. But if things drag out or global tensions get worse, we could see a slower grind or even a full-blown recession.

Either way, it’s an exciting time to be a trader.

Today I had a really solid trade on $TSLA. What made it even more fun was when I noticed that Paras took the exact same trade, but with a slightly better entry. Our trade management was different though, which makes this a perfect teaching moment.

So, we decided to do a dual recap. In this video, you’ll see both of us break down the same setup from different angles, based on our timeframes, entries, exits, and risk management.

Paras nailed the entry, and I think I managed it better. But both were profitable, and both valid. That’s the beauty of trading: one setup, multiple perspectives and this is exactly what a TradeBook is for.

Make sure you check out the Tesla dual recap video on our YouTube. Like, comment, and let us know what you saw on the trade.

Subscribe to our channel if you haven’t yet, and let’s keep pushing together through this incredible time in the market.

Bootcamp Starts May 5 – Final Spots Available

If you’re serious about trading, this is the best time to commit.

We’re launching our next Peak Capital Trading Bootcamp on May 5th. It’s an intense 3-month program where we help you:

• Build your own TradeBook.
• Forward test it using real tools and metrics.
• Get coaching from senior traders.
• Trade with a $50,000 funded account (you keep 100% of profits).
• And get 1 year full-access Elite membership included.

Click Here to Register Now
We have less than 10 spots left, and it’s offered now for a discounted price of $2,999.

The Bootcamp isn’t a magic trick. We don’t have a secret sauce. The secret is your own time, effort, and consistency. We provide the tools, the support, and the funding. You bring the discipline. Click here to reserve your spot.

See you in the Bootcamp or in the chatroom.

To your success,

Andrew