Our macro view on markets

What Gold, Rates, Oil and Bitcoin are telling investors.

Macro: Rates are heading higher, oil weaker, gold/silver and Bitcoin are strong….. Inflation is around the election corner. Markets are trading with a Trump victory.

Metals: Silver was squeezing higher over night and Gold hit new all time highs. Palladium is ready to go higher.

Equity: Correlations are starting to increase in the S&P. Not the best sign.

S&P 500: % above the 200ma is showing signs of exhaustion

Silver is starting to squeeze. Important chart.

Bitcoin hashrate hit all time highs. Bullish.

Gold strong.

Oil broke down lower.

The best chart on bond valuation.

Last time Chinese stimulus happened, Palladium passed $2,800.

Back in April we wrote, “All Hasboro needed to do was get rid of their trash Wizards of the Coast president. MTG will be in a better place now.” Rumors are they reduced the print run sizes.

Bitcoin’s adoption curve.

Opera browser has been catching our eye.

Return always wants its risk payment.

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