According to @DowdEdward, global growth is slowing fast and the stock bubble may extend for a little while longer, signaling elevated macro risk for risk assets; source: Edward Dowd, X post, Nov 9, 2025. For traders, this points to near-term equity resilience but growing medium-term drawdown risk and highlights caution in high-beta exposures including BTC and ETH due to stronger post-2020 correlation with equities; source: Edward Dowd, X post, Nov 9, 2025; IMF, Crypto Prices Move More in Sync With Stocks, 2022. Positioning implications include fading late-stage equity rallies and tightening risk controls while watching for confirmation of the slowdown, with potential spillovers to crypto via risk sentiment transmission; source: Edward Dowd, X post, Nov 9, 2025; IMF, Crypto Prices Move More in Sync With Stocks, 2022.