Warsh !…
I think the markets are fortunate to have Warsh as Fed Chair. His willingness to allow market players to dig holes rather than leading them down a path will be a major positive for markets. The fact that Jeffrey Gundlach…Continue Reading →
Archive for July 2026
Macro Picture is Evolving…
I think the Monetary Macro is falling into place where short gold, silver and bitcoin take the stage as the big money moves into stocks and bonds.
Modest update to Climate Tech Model…
The general sell off in stocks since early June has recently had the model make modest changes in direction. At the moment it has increased the Clean energy positions, EV, Battery, and Solar to 34 %, up slightly from 32…Continue Reading →
Two Windows…
Trump’s World is imploding. Makes it a very dangerous time to be in the markets. The picture window view is very bearish, but you need to look in the little window in the back to see what Bessent is cooking…Continue Reading →
Things on Track…
Today we continue to see the long-term interest rate picture showing a declining 30-05 YC. Again, to me, that continues to indicate short-term rates are being threatened by the FED while the relative weakness of long-term rates tells the real…Continue Reading →
So, What is the Plan?
After digging deep into some of my fundamental market material over the past few days, then blogging a bit, and then sleeping on it, I do want to over this weekend talk about what I call the PLAN. First most…Continue Reading →
End of week Commentary…looking Deeper into the Interest Rate Scene
I am kind of coming out of a six week early summer vacation mode for a few weeks, this is before the late summer August-October vacation mode. This leaves a couple of weeks to dig into the models and see…Continue Reading →
Space-X
SPCX entered the top end of our sweet spot for engagement this morning, this is a wide spot, 77.40 to 122.40, but down the road I see AI data centers all located in space, not in your cornfield. This is…Continue Reading →
Multipliers Leading the Charge…with update
I often talk about the effect of the Monetary Multipliers, those bullish for stock prices are again: Declining Gold, Declining Oil, declining Dollar, declining 30-05 YC, and a declining 2 year rate. At this juncture the gold action is the…Continue Reading →
April 30th Breakout…
Has been tested a couple of times, May 19th and June 9th. It held. At some point the parabolic phase of the market will kick in, this is not a good thing, but a fact built around government debt at…Continue Reading →