Capital Wave Report (With Apologies)

Substack got me...

Good afternoon:

Maui Bob sent me a note asking where today’s morning email was. I wrote it this morning and scheduled it for 8:15 a.m. The problem is that when you schedule an email on Substack, it automatically sets it for the DAY AFTER.

So… it was scheduled for tomorrow. It's the first time that’s happened to me.

My apologies. The good news is that you’ll get some fresh analysis.

Today, markets are celebrating the “90-day pause” on tariffs between China and the United States. We’ve seen some notable insider buying by CEOs and CFOs at companies such as UTG, NKGen Biotech, Match Group, International Flavors, Heartland Express, and Sunoco.

Today is a significant day of reflection… I want you to see what I see in these markets. I want you to be able to recognize in the future when we have a “crisis” what the state of the market is.

I’m expecting a bit of a selloff soon. The reason is that we have zero selling pressure in the market. Nothing in the S&P 500 is breaking down. And that’s ty…