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Monday, December 8, 2025

Preventing Empire Collapse | Alexander Mercouris and Alex Christoforou

The new 33-page US National Security Strategy, strongly shaped by Elbridge Colby and personally prefaced by President Trump, represents a partial yet still incomplete departure from three decades of neoconservative pursuit of hegemony. Officially released on December 4, it explicitly renounces any further quest for global domination, acknowledges that post-1991 globalism hollowed out American industry while delivering few benefits to ordinary citizens, and ultimately weakened the United States itself. It faults an over-reliance on allies and proxies that Washington could not fully control—pointedly implying Israel and European-driven adventures in Ukraine—for repeatedly pulling America into conflicts that did not serve its core interests.
 
» The unipolar era is over. «
» The unipolar era is over. « 
 
In place of hegemony, the document calls for aggressive domestic reindustrialization, technological supremacy, and a return to traditional spheres-of-influence politics. It resurrects an explicitly imperial interpretation of the Monroe Doctrine, insisting that no external great power may have any presence whatsoever in the Western Hemisphere and that the United States must maintain absolute predominance there. At the same time, it insists that America must remain the world’s foremost military and economic power and must permanently prevent any rival from ever attaining the degree of primacy the United States itself enjoyed in recent decades.

» Extraordinarily harsh toward European leadership and the EU. «
»
 
Extraordinarily harsh toward European leadership and the EU. «
 
China continues to be treated as the sole peer competitor capable of achieving parity or even supremacy; opposition to Taiwan’s reunification with the mainland remains a clear priority, revealing no substantive softening despite changed rhetoric. Russia, by contrast, is now a power with which the United States must seek accommodation and continental stability. The document is extraordinarily harsh toward European leadership and the European Union, accusing Brussels of delusional thinking on Russia and Ukraine, economic self-destruction, creeping authoritarianism, and the erosion of European civilization itself. Stabilizing Europe, it argues, requires ending the Ukraine war in partnership with the continent’s other great power—Russia.

» Europeans are victims of their own leaders. There is no more any democracy. «  Alexander Dugin, December 6, 2025.
»
 Europeans are victims of their own leaders. There is no more any democracy. « 
 
The new operating model abandons the image of America as a "weary Titan" bearing the world’s burdens alone. Instead, Washington will concentrate on its own hemispheric backyard while outsourcing or franchising security responsibilities elsewhere: Europe is expected to provide for its own defense, Asia will be handled by regional proxies, Africa reduced to transactional resource partnerships, and the Middle East treated as a complicated but no longer central theater. These partners will still answer to the United States and pay their dues, yet day-to-day management becomes their problem.

Historically, this precise pattern—admitting overextension, rejecting free-trade globalism, demanding allied burden-sharing while assuming continued overall control, and invoking the "weary Titan" metaphor—appeared during the terminal phases of both the British Empire under Joseph Chamberlain in the 1890s–1900s and the Spanish Empire under Gaspar de Guzmán, Count-Duke of Olivares in the 17th century. In both cases the reforms were offered as salvation but in reality signaled irreversible imperial decline.

» Explicitly imperial interpretation of the Monroe Doctrine. «
» Explicitly imperial interpretation of the Monroe Doctrine. «
 
The strategy is riddled with contradictions. While calling for stabilization with Russia, Pentagon sources simultaneously press Europe to be combat-ready against Moscow by 2027; Europeans counter that 2030 is more realistic, and Viktor Orbán openly states that the official EU position is preparation for war with Russia by that later date. The unspoken American ultimatum to Europe is therefore: achieve full military self-sufficiency on Washington’s timeline or the United States will negotiate directly with Moscow over Europe’s head and end the Ukraine conflict on Russia’s terms. Given Europe’s incapacity to meet that deadline, the second path becomes the default—yet powerful entrenched forces in Washington, Brussels, and the broader transatlantic apparatus remain committed to perpetual confrontation with Russia and containment of Russia.

» Franchising security responsibilities elsewhere. « Joseph-Noel Sylvestre "The Plunder of Rome"
»
 
Franchising security responsibilities elsewhere. «
 
The document is ultimately a fragile compromise between a small restraint-oriented faction and the far larger interventionist bureaucracy. History suggests the bureaucracy will prevail, just as it defeated Chamberlain and Olivares. Moscow and Beijing instantly recognize the contradiction of a United States that urges its vassals to keep fighting while posing as the reasonable party seeking stability; they will not be deceived. Russia, in particular, reads the American declaration that peace in Ukraine and stabilized relations with Moscow are now core US interests as confirmation that time is on its side, that it can stand firm on all demands, and that Washington will eventually concede because it is the United States, not Russia, that now needs the war to end.

Thus, while the 2025 National Security Strategy marks the intellectual arrival of restraint-oriented thinking inside parts of the American national-security establishment and constitutes an official admission that the unipolar era is over, its internal contradictions and the entrenched power of the old order make it unlikely to survive in anything like its present form. Like its British and Spanish predecessors, it may ultimately be remembered less as the blueprint for managed retrenchment than as one of the first formal acknowledgments that American hegemony has irrevocably ended.
 
Reference:

2026 in J.M. Funk’s "56-Year Cycle of Prosperity and Depression"

J.M. Funk’s theory, first articulated in his 1932 pamphlet "The 56-Year Cycle in American Business Activity", posits a recurring 56-year rhythm in US economic and business conditions, driven by a chain of cause-and-effect events influenced by human behavioral traits—such as aspiration, greed, and intemperance—and modulated by external rhythmic forces akin to solar cycles.
 

The cycle transcends intervening factors like wars, technological advancements, or monetary policy changes, manifesting as three major panic periods within each 56-year span, spaced at intervals of approximately 20, 20, and 16 years. The cycle's structure is visually represented in a circular chart, originally drafted by Funk and redrawn by financial astrologer David Williams in 1959 and 1982, which delineates key phases: "Accumulating Surplus" (thrift and investment buildup), "Absorbing Surplus Production" (rising prices and sales), "Panic and Dumping" (market collapse and liquidation), "Industrial Stagnation" (depression and low activity), and "Uncontrolled Production" (overexpansion leading to renewed prosperity).

Funk's chart illustrates historical alignments across centuries, with years marked along concentric rings and "needles" connecting equivalent points in successive cycles. For instance, sequences such as 1801–1857–1913–1969 and 1817–1873–1929–1985 highlight recurring panic epochs, while subcycles (e.g., 9-year intervals) link shorter-term fluctuations. Prosperity emerges from post-panic thrift, fostering confidence and investment; however, extended booms breed overproduction, fictitious credit, and speculation, culminating in collapse. The depth of ensuing depressions mirrors the prior expansion's scale, with stock market drawdowns historically ranging from 25% to 40% during panic phases.

According to the cycle's alignment, late 2025 corresponds to the "Panic. Dumping." phase, characterized by high prices giving way to forced selling, bank strains, and commodity price collapses—echoing historical precedents like the Panics of 1857 (30% NYSE decline amid railroad overextension) and 1913–1914 (40% drop triggered by European liquidations). The chart's central long needle explicitly ties 2025 to this vortex, projecting a major bear market. An outer-ring marker at 2024 signals "High Prices. Sell Save," aligning with the S&P 500's peak on November 29, 1968, and suggesting a comparable crest in late 2024. This transitions into 2026, marked on the inner ring as "Low Prices. Buy," corresponding to troughs in January and May 1970 and indicating the onset of recovery.

Observed drawdowns during prior "Panic and Dumping" epochs:
The Panic of 1857, corresponding to the 1857 position on the chart, saw the New York Stock Exchange decline by approximately 30%, driven by bank failures, railroad overextension, and commodity price collapses.
The 1913–1914 crisis, linked to the 1913 marker, resulted in a roughly 40% drop in stock prices by August 1914, precipitated by European liquidations and heightened geopolitical tensions.
The 1968–1970 bear market, directly analogous to the 2025–2026 projection via the cycle's 56-year rhythm, featured a 37% decline in the S&P 500 from its peak on November 29, 1968, to its trough on May 25, 1970.

Quantitative projections draw from the 1968–1970 parallel, shifted by precisely 20,454 days (equivalent to 56 solar years): the S&P 500 declined 37% from its November 1968 high to its May 1970 low. Despite the panic designation, the decennial pattern of US stocks introduces nuance: 2025, as the fifth year in a decade, historically yields positive returns (breaking a rare negative streak seen in 2005), potentially mitigating the downturn's severity. Supplementary analyses from related frameworks, such as Hurst cycles and seasonality (not part of Funk's original model), suggest the most probable initiation of a sustained contraction in late 2025, extending into Q1 2026—specifically January—with potential acceleration from seasonal weaknesses before stabilization. Magnitude remains speculative but could mirror the 37% 1968–1970 precedent, moderated by contemporary factors like Federal Reserve policy.
 
Post-2026, the cycle shifts into "Industrial Stagnation," a depressionary trough emphasizing reduced production, unemployment, and economic contraction—lasting until absorption of surpluses enables recovery. This phase, evident in the chart's lower quadrants (e.g., aligning 1970–1974 with 2026–2030), typically spans 3–5 years, bottoming out before thrift rebuilds confidence. By 2027–2028, expect nascent recovery signals, with "Low Prices. Buy" opportunities yielding to "Accumulating Surplus," fostering investment and moderate stock market gains.

The broader 56-year arc projects renewed prosperity peaking around 2036–2037 (mirroring 1880 and 1936 highs), driven by post-stagnation expansion. However, the next major panic looms in 2041–2045 (+16–20 years from 2025), initiating the subsequent cycle's downturn. A 9-year subcycle links 2025 to prior inflection points (e.g., 2016, 2007), suggesting intermittent volatility en route to the 2030s boom. David Williams affirmed the cycle's enduring dominance, noting its synchronization with lunar-solar tidal harmonics, which have clustered crises since the 1760s.

2026 in W.D. Gann’s "Financial Time Table"

W.D. Gann’s "Financial Time Table" is based on the 18.6-year lunar north node cycle, designed to predict major market and economic trends. The extended version of Gann's original table forecasts a market panic in 2020 (accurate), high stock prices in 2022–2023, a major crash in 2024–2026 with prolonged economic stagnation, and a recovery by 2028–2030, with growth resuming by 2035.
 
» Gann himself was quoted as saying that this was his greatest market discovery. « 
 
 » Major crash in 2024–2026 with prolonged economic stagnation, and a recovery by 2028–2030. «
W.D. Gann's original "Financial Time Table" adjusted and extended into 2121.
 
While compelling, the table’s predictions should be approached cautiously, considering external factors and the debated efficacy of Gann’s methods. 
 
» Maybe Gann’s table should be shifted for a few months in view of 18.5M approximation vs 18.6M desired value. « 

"Cosmic Cycles of Global Conjuncture" & Outlook into 2035 | Vladimir A. Belkin

Vladimir Belkin's 2014 study "Cosmic Cycles of Global Conjuncture" (КОСМИЧЕСКИЕ ЦИКЛЫ МИРОВОЙ КОНЪЮНКТУРЫ) synthesized the interconnections between solar activity cycles and global economic fluctuations. Belkin posited a robust inverse relationship between peaks in solar activity—measured via Wolf sunspot numbers—and subsequent declines in world output and US GDP growth, drawing on the fields of Heliobiology and Helioeconomics. Employing correlation and lagged regression analyses over extended historical periods, he demonstrated cyclical alignments with Juglar (7–11 years) and Kitchin (3–5 years) business cycles to forecast economic deterioration in 2014–2015.

Chart 1 above ("Kitchin and Juglar cycles of world output as a function of solar activity, 1961–2013.") illustrates Kitchin and Juglar cycles in world output (1961–2013) against lagged solar activity. Dual axes show Wolf numbers (left, solid line) peaking inversely to output growth (right, dashed line, one-year lag), with visual mirroring and R² ≈ 0.99 in segments, confirming short-term solar-driven volatility.

Extending this, chart 2 ("Kitchin and Juglar cycles in US GDP as a function of solar activity, 1798–2013.") applies the same to US GDP (1798–2013), demonstrating remarkable persistence over two centuries. The inverse pattern—solar peaks followed by GDP troughs—spans industrial revolutions and institutional changes, with a correlation of –0.88, underscoring the robustness of heliobiological influences on economic history.
Chart 3 ("Strong inverse relationship between cycles of world output and cycles of solar activity.") depicts the strong inverse between normalized world output cycles and solar activity (1961–2013 extended), with Wolf numbers (solid) and lagged growth index (dashed) as near-mirror images. A correlation of –0.87 highlights how solar rises precipitate growth falls, validating Belkin's claim of solar activity as a primary cycle determinant.
Focusing on extrema, chart 4 ("Strong inverse relationship between monthly extremes in Wolf numbers and annual world-output growth with a one-year lag.") presents a scatter plot of monthly Wolf peaks (x-axis) against annual world growth one year later (y-axis, 1964–2009), with a downward-sloping regression (R² = 0.7597). Higher solar maxima predict deeper slowdowns, offering a precise metric for crisis intensity.
Chart 5 ("Strong inverse relationship between the long cycle of world output and the long cycle of monthly solar-activity maxima.") addresses long cycles, plotting world output growth around solar maxima years (1968–2000, black line) against average Wolf numbers. A stepwise decline in growth per successive maximum (correlation –0.85) reveals secular trends, where weakening solar cycles since 1968 coincide with diminishing global expansions.
Complementing the above charts, Table 1 quantifies post-maxima declines: for solar peaks in 1968, 1979, 1989, and 2000, world growth fell by –2.90%, –2.01%, –2.42%, and –2.19% within two years, respectively. Belkin projected –2.38% for 2013 (delayed Cycle 24), forecasting a 2014–2015 downturn to ~2.0% growth, aligning with emerging-market vulnerabilities.
Collectively, this substantiates high statistical significance, with lags explaining physiological delays (e.g., geomagnetic storms reducing blood flow by 32–40%, fostering pessimism). Methodologically, Belkin employed:
  • Lagged correlation analysis: Economic growth is regressed against solar activity with a one-year lag, reflecting delayed physiological impacts (e.g., solar maxima precede growth troughs). 
  • Cycle decomposition: Juglar and Kitchin cycles are isolated via smoothing and differencing, then overlaid on solar series to visualize inversions.
  • Regression modeling: Scatter plots with fitted lines quantify relationships, reporting R² and correlation coefficients (e.g., –0.87 to –0.88 overall).
  • Forecasting via extrapolation: Historical patterns inform projections, adjusted for NASA solar forecasts (e.g., delayed Cycle 24 peak in 2013–2014).
Applying Belkin’s methodology to current solar forecasts yields the following calibrated projections for 2025–2035:
  • 2025–2026: Cycle 25’s prolonged maximum (SSN peak 160.8 in Oct 2024, extending to mid-2025) signals imminent slowdown via the lagged inverse correlation (r ≈ –0.87; chart 3); expect global GDP deceleration of 2.0–2.5% from 2024 levels to 1.5–2.0%, mirroring Table 1’s –2.38% post-peak drop, with initial geomagnetic volatility worsening emerging-market risks (as in Belkin’s 2013–2014 forecast).
  • 2027–2030: Cycle 25 minimum (2029–2030) reverses the trend, producing upswings similar to post-minimum recoveries (charts 1 and 2); secular weakening (chart 5) moderates amplitude, but growth should accelerate to 3.5–4.5% by 2029, driven by solar quiescence and reduced crisis propensity.
  • 2031–2035Cycle 26 onset (2029–2032 start, moderate SSN max ~131–160 ca. 2040–2043) brings rising solar activity that erodes gains per the inverse linkage (chart 4, R² = 0.76), yielding 1–2% cumulative drag by 2035 and possible mild recession if the cycle exceeds forecasts; overall 2025–2035 average growth 2.5–3.0% (chart 5 declining envelope), contingent on astrophysical accuracy.
Solar-timing uncertainties (e.g., exact Cycle 26 start) require integration with endogenous models, and post-2025 validation will refine accuracy.

Vladimir A. Belkin holds a Doctorate in Economic Sciences and is a leading research scientist at the Chelyabinsk Institute of Economics, Ural Branch of the Russian Academy of Sciences, and Professor of Economics, Finance, and Accounting at the Chelyabinsk Branch of the Russian Presidential Academy of National Economy and Public Administration. Renowned for pioneering helioeconomics, his extensive publications—over 90 since 2008—explore inverse correlations between solar activity cycles and global economic fluctuations, with recent works (up to 2025) analyzing GDP growth and commodity prices.
See also:

Sunday, December 7, 2025

Helioeconomics: Solar Cycles & World Economic Rhythms | Aleksander Valkov

In his June 2025 working paper, Russian economist Aleksander Valkov, Head of the Department of National and World Economy at Moscow State University, introduces "helioeconomic theory"—a bold interdisciplinary framework asserting that long-term solar activity, specifically the approximately 11-year Schwabe sunspot cycle (measured via Wolf sunspot numbers), serves as a primary exogenous driver synchronizing global economic cycles across centuries and countries. 

HelioEconomic Leading Index (HELI) and Economic Cycles (1750–1900). 
 
HelioEconomic Leading Index (HELI) and Economic Cycles (1900-2050): 
Blue line: HELI Index (normalized, 0–1 scale); Black dashed line: Solar Cycle (Wolf number, 11-year harmonic); Red vertical dashed lines: Economic Peaks (1749, 1801, 1859, 1917, 1968, 2024); Green vertical dashed lines: Economic Bottoms (1775, 1833, 1889, 1944, 1996, 2045); X-axis: Years 1750-1900 and Years 1900-2050, in strict chronological order.
 
HelioEconomic Leading Index (HELI) for USA, Russia, China, and Great Britain (1900-2024).
Blue line: USA; Red line: Rusia; Green line: China; Brown line: Great Britain; Red vertical dashed line: Economic Peak; Green vertical dashed line: Economic Bottom. 
 
Rather than viewing economic expansions and contractions as purely the result of credit, technology, policy, or random shocks, Valkov argues that solar magnetic activity provides the underlying rhythm. He posits that every fifth solar maximum plants the seed for a major economic peak approximately five to ten years later, while solar minima trigger the deepest troughs. 
 
This pattern establishes a dominant approximately 55-year supercycle (roughly five Schwabe cycles) that has governed global economic turning points from pre-industrial 1750 through the industrial and modern eras, spanning diverse economies including the USA, UK, Russia, China on a panel of 12 major countries.
 
 
» These findings have important implications for economic theory, forecasting, and policy. «
 Next solar minimum (Cycle 25/26 transition) anticipated around 2030–2031.
 
Valkov posits that solar activity influences economies through four interconnected channels: 
 
The first channel involves biophysical and health effects: geomagnetic storms and solar radiation variations are argued to affect human health, melatonin levels, mood, and cognitive function, citing medical literature on increased depression, suicides, and risk aversion during periods of high solar activity. 
Second, technological disruptions are a growing concern in the modern era, as space weather impacts infrastructure, satellites, and power grids. 
Third, Valkov includes agricultural and climate channels through subtle influences on weather patterns and crop yields, though he acknowledges this is a weaker driver for the regular 11-year solar cycle. 
Finally, the psychological and behavioral channel is considered crucial, suggesting that collective mood shifts drive investor sentiment, risk-taking, and economic decisions, a concept that builds on research by Krivelyova and Cesare Robotti (2003) and similar studies. 
 
The key innovation of Valkov's work, however, is the proposed 55-year rhythm: every fifth solar maximum (a period of 54–60 years) marks a "super-peak" corresponding to major economic booms and the subsequent crises that occur when the underlying expansion ultimately overshoots.

Valkov's theory builds on earlier ideas from Jevons (1875), Garcia-Mata (1934), and the Foundation for the Study of Cycles, but he elevates them with rigorous modern statistical methods and an extraordinary historical dataset covering twelve major economies, including the United States, United Kingdom, Russia, and China—both before and after industrialization.

 » The HELI index outperforms traditional leading indicators in predicting major economic turning points, offering
policymakers and analysts a new interdisciplinary tool for risk assessment and macroeconomic planning. « 

At the heart of Valkov's paper is the HelioEconomic Leading Index (HELI), a composite indicator that combines smoothed Wolf sunspot numbers (inverted and appropriately lagged) with macroeconomic variables such as unemployment rates, GDP growth, and industrial production. Spectral analysis, Granger causality tests, and principal component methods show that the HELI index explains approximately 78% of the variance in global business-cycle turning points over nearly three centuries—a level of explanatory power rarely achieved by conventional leading indicators.

The alignment is striking: Major economic peaks repeatedly occur near every fifth solar maximum (for example, the Roaring Twenties, the mid-1960s–early-1970s boom, and the 2014–2020 expansion), while the deepest depressions and recessions cluster around prolonged solar minima (the 1930s Great Depression, the early 1980s double-dip, and the 2008–2009 Global Financial Crisis all fit the pattern with remarkable precision).

 According to Alexander Chizhevsky (1924), the 11-year solar cycle is historically segmented into four distinct periods
based on psychological excitability: Minimum (3 years), Growth (2 years), Maximum (3 years), and Decline (3 years)
.

Valkov's long-term charts overlaying sunspot numbers with unemployment or industrial production in the US, UK, Russia, and China reveal an almost eerie synchronization that persists through wars, pandemics, gold standards, fiat currencies, and radically different political systems. Given that Solar Cycle 25 reached a stronger-than-expected maximum around 2024–2025, the HELI index indicates that the current global expansion has already peaked or is in its final stage.
  
» On average, the difference between the peaks and troughs of solar activity and economic cycles does not exceed six months. «
88% of recessions since the 1800s and 100% of major financial crises occurred during the downturn of sunspot cycles. 
 
The model forecasts an accelerating contraction phase leading into a major multicycle trough centered on the early 2030s—precisely the period when the next solar minimum is expected. Mainstream macroeconomics remains deeply skeptical of any strong exogenous pacemaker for business cycles, and critics will rightly point to risks of overfitting and the indirect nature of causal mechanisms. 
 
Yet, the sheer scope of the evidence—280 years, twelve diverse economies, consistent performance across radically different institutional regimes—makes the paper impossible to dismiss lightly. Whether helioeconomics ultimately gains broad acceptance or remains a heterodox curiosity, the HELI index has already demonstrated superior long-range forecasting ability compared with traditional indicators. 
 

See also:

Wednesday, December 3, 2025

Latin America Facing the Storm: Rallying the Global Majority | Alexander Dugin

Trump is threatening to invade Venezuela, Colombia, and Mexico simultaneously under the pretext of fighting drug cartels. It looks like he is beginning his own “special military operation.” If he had chosen Canada and Greenland as his targets, that would deserve full support. That would be a blow against globalism. As it stands, it is pure imperialism, a direct intervention.

» We must all show what a global majority truly is. «

An attack on countries that clearly lean towards multipolarity is a blow against us—against greater humanity. Israel attacked Gaza, Lebanon, Yemen, Iran, and Syria. And the Islamic world stayed silent, allowing it to happen. 
 
»
Adelante, tú solo: El mundo te va a quitar hasta la última luz. «
Go ahead, all by yourself: The world will beat the last daylight out of you.
Nicolás Maduro, President of Venezuela, December 2, 2025. 

» Invade Canada, not Venezuela. «
 
Now the United States is preparing to invade three countries of Latin American civilization at once. If they follow the principle of each for itself, this will strengthen Western hegemony for a while longer. The countries of Latin America must unite and present an ultimatum to the United States. Right now, we must all—every BRICS country—show what a global majority truly is.

dancing to changa-tronics in Caracas

»
 
Suspend Sec. Hegseth and Admiral Bradley for their war crimes off the coast of Venezuela! «
 Col. Douglas Mcgregor, December 3, 2025.
 
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S&P 500 Now Declining into 18-Month Hurst Cycle Low | Ahmed Farghaly

Major asset classes (equities, metals, cryptos) are entering the final phase of their current 18-month cycles (beige-yellow in first chart below), with synchronized troughs expected from late January into early March 2026. 

S&P 500 / US Equities: The August 2024 trough is identified as the 54-month cycle low. The brief break beneath it in April 2025 is viewed as a false Trump—“Liberation Day”—Tariff straddle and the first 40-week/9-month cycle trough within the current 18-month cycle. Since that time, price action has built a clean sequence of 20-day, 40-day, 80-day, and 20-week cycles. 

S&P 500 (daily closes); 2020 to December 2025: The Big Picture. 
 
S&P 500 (daily bars); September to December 2025: Last stage of the 18-month cycle.
The current 20-day cycle (magenta) ideally bottoms on December 7 (Sun), and the 40-day cycle (red) on December 23 (Tue).
 
The market has completed the latest 80-day trough on November 21 (Fri) and has now entered the final 80-day cycle before the 18-month (beige-yellow) low, which is due around mid to late January 2026 (second chart above). A rally out of the 80-day cycle low into December, but without a new all-time high, was expected because the broken 20-week VTL typically marks the 40-week peak (see first chart). 
 
An early December high remains likely before a meaningful decline into the 18-month trough. This forthcoming weakness is regarded as a mid-cycle correction within the still-intact 54-month cycle upswing. Strong gains are projected for Q2–Q3 2026 as the new 18-month cycle rises.

Reference:
Ahmed Farghaly (December 1, 2025) - Hurst Cycles Update: S&P 500, US Dollar, Gold, CRB Index, Interest Rates, Bitcoin. (video)


See also:
 
divided by Consumer Price Index, 1942 to 2025, and Forecast into 2037.
 
» A "straddle" is an analysis period that has its high above the FLD and its low below. «
(Cyclitec Cycles Course: Lesson 8, p. 8-14; Lesson 9, p. 9-11; Appendix C, Chart #47).
A "false straddle" is caused by an exogenous shock—an abrupt, unpredictable event originating outside the market's endogenous cyclic structure—that temporarily disrupts the established hierarchy of cycles, such as the March 2020 COVID-19 pandemic crash or the April 2025 announcement of Trump's global "Liberation Day” tariffs crash.