United StatesMacroEquitiesResearch
USA Strategy Report – Mid October 2026
Why This Is a Fragile Top, Not a YellowLight Bull Dear Client, This month's strategy report reassesses where the US market sits in the cycle. The S&P 500 remain…
25 Oct 2026
Markets & News
Newsletter Archive
Rigorous market commentary and macro analysis — free to read, always independent.
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EquitiesGoldHousing
The Monetary Cycle Turns
What We're Watching and Preparing For The Hidden Story Behind the Headlines If you only read headlines, the world looks confusing. Stocks are near record highs.…
29 Sept 2026
EquitiesEducation
The Complete Livermore: 100 Quotes from the Greatest Speculator Who Ever Lived
It Never Was My Thinking. It Always Was My Sitting Tight. Dear Client, There have been richer men. There have been longer careers. There have been more respecta…
2 Sept 2026
EquitiesUnited StatesJapanEducation
The Architecture of Cycles Understanding Market Psychology from Peak to Trough
The Wall Street Cheat Sheet has been circulating in trading offices for decades. At first glance, it looks like a cartoon — a wavy line, a collection of emotional labels, a smiley face at the top and a frowning face at the bottom. But beneath ...
20 Aug 2026
EquitiesEducation
The Investor's Treasury: 50 Essential Quotes from Classics: An Investor's Anthology
It Is Not Complicated. It Is Not Easy. But It Works. Dear Client, There are books that teach you how to invest. And then there are books that teach you how to t…
18 Aug 2026
EquitiesEducation
The Lesson of Larry Livingston: What Jesse Livermore Wants You to Know
Let me tell you a story. It is an old story, nearly a hundred years old now. But like all true stories about markets and human nature ...
7 July 2026
MacroEquitiesUnited States
The Two-Month Report Where We Stand After the Iran Shock
Two months ago, the world changed. American and Israeli forces launched airstrikes against Iran, and the comfortable market narrative of soft landings and immaculate disinflation evaporated overnight. We have now had enough time to see the patterns, measure the damage, and adjust our sails accordingly. This is ...
2 June 2026
MacroEquities
Market Crash Triggers
The Next Six Months After forty years watching this market, I have rarely seen a confluence of danger signals quite like the one gathering on our horizon today.…
31 May 2026
GoldEquitiesHousing
The Monetary Cycle
Its impact on Gold, Equities and Housing — 1970 to May 2026 Here's a clear, dataanchored comparison from 1970 to May 2026 across the four things you asked: Gold…
29 May 2026
MacroEquitiesGeopolitics
What a Triggered Bear Market Will Look Like
The Four Dominoes and the 12Month Roadmap Dear Client, Two weeks ago, we told you a top was forming. Today, we are telling you the trigger sequence is already l…
1 May 2026
ChinaEquitiesMacro
The Quiet Pivot
Triggers for a New China Cycle Dear Client, Something has shifted beneath the surface of China's markets. It is not dramatic. It is not accompanied by fireworks…
20 Apr 2026
MacroEquitiesUnited States
Global Market Roadmap: The Next 12 Months
A Top Is Forming – The Crash Window Is August to November Dear Client, This month's Macro Memo sets out our roadmap for the next twelve months. We believe a mar…
13 Apr 2025