Despite all Market warnings, the Equity Market remains aggressively bullish despite an extremely narrow market leadership structure dominated by the highly volatile Semis and AI trade. We believe this Bull Market enthusiasm is dangerously misplaced…

America’s debt crisis is no longer tomorrow’s problem. Our Bond Market is now warning that decades of reckless spending, endless deficits, and political cowardice are colliding with higher interest rates and slowing growth. Both branches…

We believe the Federal Reserve may soon be forced to raise interest rates far higher than most experts presently expect. But first, let us give a big round of applause to former Fed Chairpersons Ben…

U.S. 30-year Treasury yields briefly surged above 5.18%, their highest level since 2007, back when the global financial system was sitting on the edge of the Financial Crisis. The warning this time is not coming…

Investors have turned the AI melt-up into one of the most aggressively upside-chased markets in years even as rates volatility, sovereign debt stress, and macro uncertainty continue building beneath the surface. The AI leadership trade…

FYI: The emerging U.S.-China relationship increasingly resembles a highly strategic balance between confrontation and mutual dependence. While Washington continues aggressively reducing semiconductor vulnerability by helping TSMC expand advanced chip manufacturing capacity in Arizona, with total…

The real issue today is that Congress has been unwilling to stop deficit spending now or ever! Long-duration Treasury yields have been rising sharply while inflation expectations remain sticky. That combination creates a much more…

The real danger in this market is not the collapse of the AI leaders everyone is watching for — it’s the violent unwinding of the other side of the trade. Just as in the final…

The real warning sign is no longer software hype — it is the violent unwind developing underneath the semiconductor complex, particularly in the iShares Semiconductor ETF, where momentum leadership is beginning to fracture as our…

Everything is perfect! Earnings are gliding higher in a near-perfect line, margins are exploding, and forecasts scream 20% growth. It’s clean, it’s smooth, it’s almost… too smooth. When the chart starts looking engineered, you have…