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…
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%…
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…
From the Fed's own orifice, commercial bank deregulation is on the table This is a brief excerpt from NFTRH 923 discussing proposed bank deregulation, which certainly would dovetail with Chairman…
The anticipated disinflationary phase is finally here Excerpted from this week's edition of Notes From the Rabbit Hole, NFTRH 921: Macro A hybrid “macro/sector fundamental” for gold stocks is the…
With gold no longer an austerity anchor, the Fed and both aisles of government have brought America to this point - call in the Screw Worm! Pardon the mostly non-market…
Economist Richard Werner spends 2+ hours making your head spin recounting historical events on a thread leading up to this very moment NFTRH - Notes From the Rabbit Hole -…
Excerpted from the November 2nd edition of Notes From the Rabbit Hole (NFTRH 887): As noted last week, I am hearing all too much talk about a market crash to…
Excerpted from the October 12th edition of Notes From the Rabbit Hole, NFTRH 884: [edit] A reader commented at the Substack version of this article (please subscribe, it's free) suggesting…
My tin foil hat says that Janet Yellen at Treasury was instrumental in the Powell Fed's policy (and she's not there anymore) We all know the Fed is impartial, right?…
Jackson Hole week is often used as a policy bull horn It is clear that the market is taking some froth off the top of several recently over-bullish areas (everything…
Under the Federal Reserve system, the U.S. is not a capitalist country, it is a socialist welfare state for the elite, compliments of inflation Socialism For the Elite, Not Capitalism…
The 10yr-2yr and 10yr-3mo Yield Curves show the Fed to be behind, well, the curve With a deflationary impulse, which we have anticipated, that is the product of the already…
If the 2yr yield is leading the 3 mo. T-bill yield (it is), the 10-3 mo. yield curve will follow the 10-2 yield curve I've used this chart repeatedly to…