Postcards: This Isn't Fine...

The dog in the cartoon isn't going to like the heat in 2025

Market Update: Print more yen… watch Gold prices go higher. That was the first message that I received this morning in Slack. Gold is back above $2,400, and silver pushes back toward the $32 level. As we continue to warn, there’s something brewing, and the 10-year dropped to 4.2%. That’s not “bond vigilante territory…” - “What’s wrong with the economy.” Following the CPI reading, the Nasdaq had its worst performance against the Russell 2000 in 22 years. This was an extreme momentum day at the bottom of the market. And long overdue.