Peak Trump…

Just a gut feeling, but I think Neil Young and Willie Nelson ignited a feeling that we saw Peak Trump over the weekend.

Markets are acting very subdued the past couple of days, the players don’t want to sell but on the other hand don’t seem to feel good about things. Gold illustrates the overall problem, as Trump melts down, even the AI hoopla cannot get things excited. I am watching to see if something good develops or whether this is the time to abandon the markets. Our Climate Tech Model is on the fence, sitting on large projection gains for the last couple of months but the Monetary and Animal Spirits drivers are lackluster at best.