Putting into words and visuals what I've been developing in written form over the last several weeks. https://www.youtube.com/watch?v=fyZkTPeX0RY For “best of breed” top-down macro analysis and market strategy covering Precious…
Gold stocks and the yield curve; Bessent & Warsh Op/Twist-lite paints temporary Goldilocks On the charts below, perhaps you can see why, if they are successful in pressuring the yield…
Goldilocks has been our favored short-term outcome, and she just took a step forward Today [Wednesday] FOMC did the very much expected and hiked the Fed Funds Rate by .25%…
In NFTRH 932, we reviewed CME projections at 87% for a .25% rate hike tomorrow. Today CME sits at nearly 93%. However, there are other factors involved that I want…
NFTRH 932 Summary A brief summary of the work done in this week’s report and in the updates and reports leading up to this point. Please read the detailed report…
Our Theme of a 2003-2007 phase centered on commercial banks takes a step forward Reference this NFTRH excerpt from July 13th: Commercial Bank Deregulation Upcoming? The thesis being that it's…
Are bond market front-runners getting, well, run... or if Bessent failing? I think it is a worthwhile question. It would be classic for those front-running a policymaker who advertised his…
Goldilocks hangs in the balance of the Bessent, Warsh, Trump media drama We find ourselves at CPI/PPI week, just prior to FOMC week. Let the cacophonous Misdirection Olympics begin! You…
2026 has been a year for the ages, where looking inside the market is concerned. The internals have shifted often, and that is evidenced by the way some segments/sectors corrected…
NFTRH 931 excerpt Excerpted from this week's edition of Notes From the Rabbit Hole: Macro & Data I had a meeting with a young man from Taiwan on Friday morning.…
NFTRH 931 Summary A brief summary of the work done in this week’s report and in the updates and reports leading up to this point. Please read the detailed report…
And I don't mean Hazel... Although Hazel and her grotesque grin are back as well, as August payrolls knocked it out of the park on the back of non-productive Leisure/Hospitality…
The HUI chart (previous update) does not show gaps or volume. The GDX chart does. As yet, GDX volume is not showing much conviction. Although the price is pointing upward.…
Here is yesterday's first entry in the subscriber blog: You win some (timing a buy on MAIFF/MAI.V) and lose some (my hedges, which have gone from solid paper profits to…