Kai Volatility's Cem Karsan previously said on our program that yields will rise to 5%. It currently sits above 4.5%. Today he doubled down on his statement by saying the 10-Year Treasury Yield will pass 6% by third quarter of 2025. Cem argues the Fed needs to manage "spinning plates" by managing rate cuts carefully, though he believes volatility can also reach volcanic levels if liquidity gets out of control. He says a recession is possible, which can result in a 30-40% market pullback.