Doug Ramsey Dissects BEARISH Signs Through the 2024-2025 Market Top

In Episode 34 of the Market Misbehavior podcast, I had the pleasure of reconnecting with Doug Ramsey, CFA CMT, Chief Investment Officer at The Leuthold Group. We dove into the market conditions following the recent 10% pullback in the S&P 500 and explored some of the bigger-picture structural shifts that may be shaping up as we head through the 2024–2025 market top.Doug shared his perspective on the semiconductor space—especially his take on the “separated shoulder” pattern that’s been emerging—and we talked through some of the ways investors can think about hedging during periods of heightened volatility.This conversation was recorded on March 13, 2025.You can learn more about Doug and his work at The Leuthold Group at https://www.leutholdgroup.com/.👉  Follow Dave on X: https://x.com/DKellerCMT👉  Follow Dave on Bluesky: https://bsky.app/profile/dkellercmt.b...The content in this presentation should not be considered as a recommendation to buy or sell any security. All information is intended for educational purposes only and in no way should be considered as investment advice.🎓 Take Dave’s FREE course on behavioral investing: https://www.marketmisbehavior.com/freecourse📘 Check out Dave’s recommended reading list: https://www.marketmisbehavior.com/readinglist👉  Follow Dave on X: https://x.com/DKellerCMT👉  Follow Dave on Bluesky: https://bsky.app/profile/dkellercmt.bsky.social👉  Follow Dave on Facebook: https://www.facebook.com/marketmisbehavior👉  Follow Dave on Instagram: https://www.instagram.com/marketmisbehaviorThe content in this presentation should not be considered as a recommendation to buy or sell any security. All information is intended for educational purposes only and in no way should be considered as investment advice.