Steady as she goes guys, we just wanted to provide a quick note and our subscriber data today. The equity and risk markets are continuing their consolidative to higher tone and we really don’t think much changes that. The world central banks are cutting and the FOMC will be the last to join that party as they all work in unison, whether they like to admit it or not.
The system is simple to understand really, it is, its M2 global growth multiplied by some levered amount. This levered amount goes into mainly equities and real estate and some hide in govt bonds. We never want to complicate things, rather just present them for what they are. Its obvious the markets don’t care about the Middle East, they don’t care about India and Pakistan, they don’t care about tariff consequences, they don’t care about Ukraine and Russia. These are all just narratives that are used to move markets when its convenient for those that truly control the funds. Its like a big wheel of excuses and maybe they j…
