4-year cyclers look pretty smart right now, I'll give em that. What I don't get is the equivocation - when asked what csuses the 4 year frequency specifically, they generally say it's macro/risk/liquidity conditions. But that's my position. And we know that doesn't necessarily keep a 4 year beat. Let's see how the year plays out. Happy to be wrong and see "perfect" 4 year timing play out once again, if it means we learn more.
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