In a surprising development, CITIGROUP has decided to exit the distressed-debt trading business, sending shockwaves through financial markets. This move is not just a business decision; it’s a signal that the economy might be entering a distressed cycle. Several indicators point to an economic downturn on the horizon. Employment growth has slowed, and the 30-Year Treasury Yield recently closed below 4% for the first time since July. Investors seem to be following an old playbook of buying stocks before an anticipated rate-cutting cycle. However, history warns us that this strategy often ends in tears, as rate cuts are typically a...