BID/ASK – Episode 5 takes a deep dive into late-cycle market dynamics as Ray Dalio’s Stage Six warning comes back into focus. We break down what Stage Six actually means for risk assets and use Relative Rotation Graphs (RRG) to uncover how capital is rotating beneath the surface of the market.

This episode connects macro signals, sector rotation, and market structure to highlight where risk is building and where opportunity may be quietly forming. No noise. No narratives. Just a clear look at positioning, rotation, and what the market is signaling next.

BID/ASK is for traders and investors who want to understand the why behind price before it shows up in the headlines.