Risk: Fear... Panic... Cats Chasing Dogs... And Then We'll Hit New Record Highs

This is a very dumb financial system. If you haven't seen my presentation from last night, the encore is below.

Equity Storm Watch Is GREEN on the S&P 500 and GREEN on the Russell 2000

It’s central bank week… and we start with the 10-year bond hovering below 3.7%. Expectations call for a half-point cut… which astounds me. But what can you do?

The bigger story I pointed out in my presentation last night is that gold surged again last week from $2,500 to $2,600, compounding massive gains since the last liquidity bottom in late 2022, according to Michael Howell. We are currently in flux, and central banks are taking aggressive action to prevent something significant from breaking around the globe. 

My core concerns remain the same - but the next 12 months should continue to take us to our target of 6,000 on the S&P 500. 

There’s speculation that U.S., Chinese, and Japanese monetary experts have reached a deal to limit the dollar’s value. I’m pressing into this story today, but that would explain what I noted last night—that something happened last week that 1) propelled the Yen higher and 2) provided …