Monday Morning Chartology

 

The Morning Call

 

8/10/26

 

 

The Market

         

    Technical

 

The S&P exploded out of the box, then spent the rest of the week consolidating. Importantly, it confirmed the breakout above its prior all-time high. Meanwhile, it remains above all three DMA as well as being in uptrends across all timeframes. So, the upside momentum has returned. The next visible resistance points are (1) the upper boundary of it short term uptrend [~7830] and (2) the convergence of the upper boundaries of its intermediate and long term uptrends [~9167]. As you know, I added two half positions last week (BRO, GDX) and will likely do more of the same this week.

 

 

The long bond continued its dismal performance---not surprising given oil prices (the war), the prospect for a new round of tariffs, the ruling class drunk on deficit spending and Warsh’s performance at his virgin FOMC presser. I am surprised that the poor jobs report on Friday didn’t have a more positive impact on bond prices---which suggests that the bond boys are taking it with a grain of salt (see below for a possible explanation). Bottom line, the technicals haven’t changed: TLT is below all three DMAs and in downtrends across all timeframes;… for the long bond to rise enough to even challenge the upper boundary of its very short term downtrend is going to take a series of very positive developments.

 

 

 

 

 

 

GLD had a spectacular week, bouncing off the lower boundary of its short term uptrend, resetting its 50 DMA to support and preparing to challenge the upper boundary of a very short term downtrend. Quite a reversal from the prior week. Given its momentum, it seems likely to break out of that very short term downtrend. Though it has some work to do with both the 100 and 200 DMAs right overhead. Let’s see how it handles those hurdles. As I noted above, I think that it will overcome them.

 

Gold is moving.

https://www.zerohedge.com/the-market-ear/gold-moving-volatility-hasnt-caught-yet?gift=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJuaWQiOiIxMTIwOTY5Iiwic2VuZGVyVWlkIjoiUUhnc3BaZVVFS2E3RHhXM216eFlKbjhaWEFoMiIsImlhdCI6MTc4NjM2Njg4NiwiZXhwIjoxNzg4OTU4ODg2LCJhdWQiOiJ6aC1naWZ0In0.QTPk0JYvIHLQ9WweyDyHcquxeWLiVSVqcKc42vLRDiw

 

The dollar continued its poor performance, negating a very short term uptrend and resetting its 50 DMA from support to resistance. On a long term basis, the dollar remains in no man’s land and at this point I see like prospect of its breaking out of even its short term trading range. Technicals aside, a spendthrift ruling class, higher oil prices and a weak kneed Fed is all the explanation one needs to understand where it is trading.

 

 

Friday in the charts.

https://www.zerohedge.com/markets/peace-plans-payrolls-plunge-trigger-plunge-rate-hike-odds-precious-metals-best-week-6?gift=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJuaWQiOiIxMTIwNzcyIiwic2VuZGVyVWlkIjoiUUhnc3BaZVVFS2E3RHhXM216eFlKbjhaWEFoMiIsImlhdCI6MTc4NjEzNDQ3MywiZXhwIjoxNzg4NzI2NDczLCJhdWQiOiJ6aC1naWZ0In0.yGkdwngvuLvYwScY7je5Gk-Ey-lQ64mniHKPtzeuItg

 

The weekend in the charts.

https://www.zerohedge.com/the-market-ear/panic-eradicated-republicans-rolling-over-sell-signals-everywhere?gift=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJuaWQiOiIxMTIwODg3Iiwic2VuZGVyVWlkIjoiUUhnc3BaZVVFS2E3RHhXM216eFlKbjhaWEFoMiIsImlhdCI6MTc4NjI4OTg4OCwiZXhwIjoxNzg4ODgxODg4LCJhdWQiOiJ6aC1naWZ0In0.ppCm3TgG-fvoOzyLeXBZJu4gZdTsXP-1lb9epxKYNL4

 

Friday in the technical stats.

https://www.barchart.com/stocks/momentum

https://www.barchart.com/stocks/market-performance

https://www.barchart.com/stocks/sectors/rankings

https://www.barchart.com/stocks/signals/new-recommendations

 

The latest from Goldman.

https://www.zerohedge.com/markets/goldmans-pasquariello-sp-breakout-intact-market-still-has-work-do-after-labor-day?gift=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJuaWQiOiIxMTIwNzgwIiwic2VuZGVyVWlkIjoiUUhnc3BaZVVFS2E3RHhXM216eFlKbjhaWEFoMiIsImlhdCI6MTc4NjEzMjgxMiwiZXhwIjoxNzg4NzI0ODEyLCJhdWQiOiJ6aC1naWZ0In0.ShEp_k16JTR5iIz5gf37UIJSOYBV1iYXYJANAF8RdnY

 

Hedge funds resume shorting.

https://www.zerohedge.com/markets/one-week-after-biggest-short-squeeze-2020-hedge-funds-resume-shorting?gift=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJuaWQiOiIxMTIwOTMzIiwic2VuZGVyVWlkIjoiUUhnc3BaZVVFS2E3RHhXM216eFlKbjhaWEFoMiIsImlhdCI6MTc4NjM2NjA3MywiZXhwIjoxNzg4OTU4MDczLCJhdWQiOiJ6aC1naWZ0In0.HKDiGIoOkrMwNyQshGRTKsZwPVOV2IN81Q9j79QVP7U

 

Bitcoin breakout.

https://talkmarkets.com/article/bitcoin-breakout-the-best-setup-ive-seen-in-months-1786126943

 

Monday morning setup: US equity futures start the new week barely higher, having erased almost all of their overnight gains, yet still trading at all-time highs, led by Tech with small caps starting the week in the red. As of 8:00am ET, S&P futures are fractionally in the green as traders look to the next big data print from the US this week in the form of CPI and PPI updates, as bets on September rate hikes tumbled after Friday's jobs debacle; Nasdaq futures rise 0.1%. In premarket trading, both Mag7 and Semis are higher with weakness in Memory, Software, and South Korea despite the rise in KOSPI overnight. Cyclicals are outpacing Defensives, including participation from Energy / Cmdtys names. Europe's Stoxx 600 is coming off its best daily streak of gains since June and more money managers say that this European equities rally could be durable. In Asia, Japan’s Nikkei 225 rose 2% and the Kospi was flat, lagging a 6% surge for the small-cap Kosdaq as it benefits from a rotation out of memory stocks and leveraged ETFs. Overnight, JPMorgan raised its year-end S&P target to 8000 as the bank sees earnings delivering $365/shr this year and $420/shr in FY27, +15% YoY. Bond yields are flat to +1bp as the yield curve twists flatter; USD trading higher following consecutive weekly declines. USDJPY rises 0.6% toward 159, surpassing last week’s intraday high and more than erasing the drop we saw on Friday after the soft US jobs report prompted a broad dollar selloff; about half of the post-intervention move has now been erased. Commodities are led higher by Energy with MidEast headlines driving direction; Brent trades at session highs, just under $85/bbl and the highest since Aug 3, as Iran and Oman are still short of a final deal to reopen the Strait of Hormuz while Iran ruled out direct talks with the US for now. Tehran promoted a hard-line ex-commander as its top security official. President Trump said the US was “semi-negotiating” with Iran. Israel has rejected a proposal by US-backed mediators for disarming Hamas. Houthis are targeting Saudi refineries after SA, Pakistan, and Turkey signed a new defense pact. Both Base and precious metals are mixed with silver the standout, rallying with the AI theme. There are no major econ releases today as the market preps for CPI and Retail Sales, our Scenario Analysis is included. With earnings season almost completed, we are seeing the SPX trend towards 15% rev growth, 50% EPS growth, and almost 17% margins. 

 

    Fundamental

 

       Headlines

 

              The Economy

 

The US stats were disappointing last week---the second week in a row. They included three negative primary indicators but no price measures. Overseas, the data was balanced with one neutral inflation datapoint.

 

Two weeks of lousy numbers (1) still don’t make a trend [though it is a start], (2) don’t fit with narrative surrounding the AI spend and (3) could potentially be explained by some weird aberration in how the economic stats have been recorded. Such as this analysis by Wolf Richter:

https://wolfstreet.com/2026/08/07/private-sector-gains-30000-jobs-local-governments-shed-57000-jobs-supply-of-labor-continues-to-shrink/

 

Not to belabor the point but here is some more analysis.

https://bonddad.blogspot.com/2026/08/july-jobs-report-schools-out-for-summer.html

 

And this word of caution.

https://www.zerohedge.com/markets/houston-we-have-data-problem

 

Plus, the initial Q3 nowcast points to increased economic activity.

https://www.capitalspectator.com/early-q3-gdp-nowcasts-point-to-a-pickup-in-economic-growth/

 

On the other hand, the weekly economic index decelerates.

https://econbrowser.com/archives/2026/08/lewis-mertens-stock-wei-decelerates

 

Of course, if the economy really is slowing, then that could take some pressure off of rising prices and the Fed to raise interest rates (the bond market certainly isn’t impressed)---‘could’ being the operative word.

 

However, remember, a decent portion of current inflation is accounted for by

 

(1)   higher energy prices. The bulls**t coming out of the White House notwithstanding, current developments in the Middle East do not suggest [a] any kind of positive resolution to the US/Iran conflict and [b] hence the return to the pre-war flow of oil through the Strait of Hormuz. Add to that the destruction of the petroleum refining infrastructure in not only the Middle East but also in Russia and I have a tough time seeing oil/oil product prices meaningfully lower,

https://giftarticle.ft.com/giftarticle/actions/redeem/ae7f31e7-eb0c-46ba-9ffd-b010d746d7e9

  

(2)   and tariffs. True, the Donald could put an end to this nonsense in a nanosecond. The question is, will he?

https://www.realclearmarkets.com/articles/2026/08/07/its_not_the_trade_deficit_its_how_the_capital_was_used_1198368.html

 

              Add in a spendthrift ruling class and my inflation outlook remains firmly in place.

 

That being so and IF the economy is slowing, it raises the prospect of stagflation---though probably not to the degree of the 1970’s variety. But so what? It is still not an economic environment we want. That said, this is at the present just speculation on my part. But it is an alternative scenario whose probability I soon may have to start to evaluate.

 

Bottom line: the prospect for a slowing in the rate of economic growth has appeared on the horizon. Not near enough to warrant a change in my forecast but enough to be a factor to consider. Meanwhile, inflation remains well above the Fed’s target.

 

              The truth about inflation.

              https://reason.com/2026/08/06/a-viral-tweet-set-off-a-discourse-on-20-burritos-heres-the-truth-about-inflation/

                  

                        US

                       

                        International

                       

                        Other

 

                          Capitalism brings prosperity.

                          https://www.wsj.com/opinion/capitalism-brings-prosperity-e58557e6?st=emi4HY&reflink=desktopwebshare_permalink

 

                          June consumer credit jumps more than expected.

                          https://www.zerohedge.com/economics/consumer-credit-jumps-more-expected-june-credit-card-debt-spikes

 

            Iran

 

              Overnight news.

              https://www.zerohedge.com/geopolitical/tehran-doubles-down-hormuz-demands-hardline-irgc-commander-promoted-national-security

 

 

 

 

 

            Monetary Policy

           

              The fallacy in the ‘sound money gold standard’.

              https://talkmarkets.com/article/sound-money-be-careful-what-you-wish-for-1786108712

 

              Warsh is being misread.

              https://giftarticle.ft.com/giftarticle/actions/redeem/5266ee85-b947-4c1d-a5c3-a8aeb3d634c0

 

            AI

 

              The AI building boom is growing twice as fast as the housing boom.

  https://www.zerohedge.com/markets/ai-capex-boom-building-twice-fast-housing-boom?gift=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJuaWQiOiIxMTIwNzU3Iiwic2VuZGVyVWlkIjoiUUhnc3BaZVVFS2E3RHhXM216eFlKbjhaWEFoMiIsImlhdCI6MTc4NjEzMjIxOSwiZXhwIjoxNzg4NzI0MjE5LCJhdWQiOiJ6aC1naWZ0In0.t1XjNZsLrjRIOaDi5g99GqB5H-a0QTh4qgfy7yOfd0s

 

 

     Investing

 

            The risk/reward for rates tilts bearish.

https://www.zerohedge.com/markets/treasury-put-through-tokyo-and-hormuz-just-summer-gift?gift=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJuaWQiOiIxMTIwNzI5Iiwic2VuZGVyVWlkIjoiUUhnc3BaZVVFS2E3RHhXM216eFlKbjhaWEFoMiIsImlhdCI6MTc4NjEzMzA2OCwiZXhwIjoxNzg4NzI1MDY4LCJhdWQiOiJ6aC1naWZ0In0.Tx8TbhPGTdo52is2dBBfWqxZt-sHdIG_NWFzUmZhl_8

 

            Nobody wants protection.

https://www.zerohedge.com/the-market-ear/trillion-hidden-ai-commitments-and-nobody-wants-protection?gift=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJuaWQiOiIxMTIwODAxIiwic2VuZGVyVWlkIjoiUUhnc3BaZVVFS2E3RHhXM216eFlKbjhaWEFoMiIsImlhdCI6MTc4NjEzMzQ2OSwiZXhwIjoxNzg4NzI1NDY5LCJhdWQiOiJ6aC1naWZ0In0.kCMK5MpFiYQhddletIbah2nhk92dwyhYMcP9Ol1kUUg

 

           

            The latest from BofA.

https://www.zerohedge.com/markets/hartnett-tactically-bearish-strategically-bullish-policymakers-wont-allow-market-drop?gift=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJuaWQiOiIxMTIwODcwIiwic2VuZGVyVWlkIjoiUUhnc3BaZVVFS2E3RHhXM216eFlKbjhaWEFoMiIsImlhdCI6MTc4NjI4OTU5NSwiZXhwIjoxNzg4ODgxNTk1LCJhdWQiOiJ6aC1naWZ0In0.rTtphO1XZ7HD9QED_2VeUFfz56qf2CIwDCKT60K_Hwo

 

    News on Stocks in Our Portfolios

 

 

What I am reading today

 

           

 

Visit Investing for Survival’s website (http://investingforsurvival.com/home) to learn more about our Investment Strategy, Prices Disciplines and Subscriber Service.

 

 

 

Monday Morning Chartology

 

The Morning Call

 

8/3/26

 

 

The Market

         

    Technical

 

A real roller coaster of a week saw the S&P push above its 50 DMA (if it remains there through the close today it will revert to support) and the upper boundary of that very short term downtrend. Is the worst over? Perhaps. As always, follow through is the key. Certainly, Friday’s pin action raises the prospect that the worst is over. And don’t forget that the index is now above all three DMAs and in uptrends across all timeframes. That said, August through mid-November has historically been the worst time period for stock performance. Plus the disgruntlement in the bond market is not likely to help. I remain cautious.

 

            Risk appetite wavers.

            https://www.capitalspectator.com/risk-appetite-wavers-while-the-fed-plays-it-calm/

 

 

 

 

The long bond continued its dismal performance---not surprising given oil prices (the war), the prospect for a new round of tariffs, the ruling class drunk on deficit spending and Warsh’s performance at his virgin FOMC presser. There is nothing occurring that changes my opinion that TLT is going nowhere---except further down. What we know technically is that TLT is below all three DMAs and in downtrends across all timeframes; so for the long bond to rise enough to even challenge the upper boundary of its very short term uptrend, I think that it is going to take a series of positive developments.

 

 

 

 

 

 

GLD remains in a well-defined downtrend. It is below all three DMAs and continues to play with the lower boundary of its short term uptrend. If the challenge proves successful, the next visible support level is the lower boundary of its intermediate term uptrend---which is quite away aways.

 

Despite UUP’s dismal performance on the week, it still held that very short term uptrend---although it is now challenging its 50 DMA. Of course, on a longer term basis, the dollar remains in no man’s land and at this point I see like prospect of its breaking out of even its short term trading range. Technicals aside, a spendthrift ruling class, higher oil prices and a weak kneed Fed is all the explanation one needs to understand where it is trading.

 

 

Friday in the charts.

https://www.zerohedge.com/markets/blood-streets-tech-wrecks-bonds-battered-crude-catapults-july-jolt?gift=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJuaWQiOiIxMTE5OTgzIiwic2VuZGVyVWlkIjoiUUhnc3BaZVVFS2E3RHhXM216eFlKbjhaWEFoMiIsImlhdCI6MTc4NTUyOTg1OSwiZXhwIjoxNzg4MTIxODU5LCJhdWQiOiJ6aC1naWZ0In0.-MBAQQzDCshJOtwaFv6oeHV_F7_TvnM-VsLBg9c_cWw

 

Friday in the technical stats.

https://www.barchart.com/stocks/momentum

https://www.barchart.com/stocks/market-performance

https://www.barchart.com/stocks/sectors/rankings

https://www.barchart.com/stocks/signals/new-recommendations

 

What is the VIX missing?

https://www.zerohedge.com/the-market-ear/what-vix-missing?gift=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJuaWQiOiIxMTIwMTY3Iiwic2VuZGVyVWlkIjoiUUhnc3BaZVVFS2E3RHhXM216eFlKbjhaWEFoMiIsImlhdCI6MTc4NTc2MjAwOSwiZXhwIjoxNzg4MzU0MDA5LCJhdWQiOiJ6aC1naWZ0In0.-1NN4d83ILaajk7kxFTYUy2YHVbJJtgbEXJecxSye7A

 

Monday morning setup: Futures are higher with both tech and small caps outperforming as Trump points to a deal/advanced discussions with Iran (which Iran is naturally denying), which is helping push energy prices and bond yields lower as the USD depreciates. As of 8:00am ET, S&P futures are up 0.5% while Nasdaq futures rise 0.4% led by Mag 7 stocks higher with Semis lagging. Energy is lower with the remaining sectors seeing a bid pre-mkt as the lower oil / bond yields are creating what JPM hopes will be an ‘Everything Rally’. Though the Kospi against tumbled overnight, EWY is +1% pre-market. Samsung Electronics and SK Hynix plunged nearly 9% each, while TSMC fell more than 2%, following their record surge on Friday. The yen rallied sharply before paring most of the gain amid speculation that authorities may have intervened to prop up the currency again after coordinated action between the US and Japan last week. Bloomberg’s gauge of the dollar fell 0.1%. WTI is under $80/bbl dragging the Energy complex lower as we see this move boosting both Base and Precious Metals with Ags lower. Today’s macro data focus is opn the final July reading of S&P Global manufacturing PMI due at 9:45 a.m. ET, followed by ISM manufacturing for July and construction spending for June at 10 a.m. Omdia total vehicle sales are due through the day. In premarket trading, Mag 7 stocks are mostly higher:  Amazon (AMZN) rises 1.6% as the e-commerce and cloud-computing company is set to extend gains after reporting cloud revenue acceleration for a fifth straight quarter (Alphabet +1.7%, Microsoft +1.8%, Meta +1.6%, Tesla +0.6%, Apple +0.6%, Nvidia -0.3%)

 

 

    Fundamental

 

       Headlines

 

              The Economy

 

The US stats were disappointing last week. They included one neutral and three negative primary indicators and one plus, one neutral and one minus inflation measure. Overseas, the data was balanced with two neutral and one negative inflation datapoints.

 

While the US data did not make for an optimistic read, one week’s numbers do not a trend make. Plus the poor GDP read (a primary indicator) was chiefly due to the trade and inventory data. So at this point, I am not concerned.

 

Inflation, of course, has been and remains my big worry. Last week’s better reading was principally due to lower oil prices---which has since changed. Plus, there is now higher tariffs to factor into future inflation readings. Most important, the bond market is clearly warning us that inflation remains a concern. So, my outlook there hasn’t changed either.

https://wolfstreet.com/2026/07/30/inflation-in-the-overall-economy-hitting-consumers-businesses-and-governments-was-really-bad-in-q2-even-without-energy/

 

Speaking of inflation, last week’s FOMC meeting and more importantly, Warsh’s subsequent presser was clearly a disappointment to the bond investors---at least those that believe inflation is a problem and a more hawkish Fed needed. I noted last week that Warsh appearance was unfortunately reminiscent of the three past generations of Fed heads---talking tough and doing nothing. Many experts believe that he will correct that mistake in short order. Let’s hope. But let’s also not forget who appointed him and what his expectations are.

https://www.carsongroup.com/insights/blog/the-feds-going-to-let-it-run-hot-until-they-dont/

 

There are three other issues that remain front and center in their impact on the economy (and Market):

 

(1) the economics of oil whether or not there is peace tomorrow. Global reserves are near operational depletion and more of the oil refining infrastructure has been destroyed. It seems wildly optimistic to me to believe that this won’t continue to produce inflationary pressures on global economy,

https://talkmarkets.com/article/strategic-oil-reserves-down-to-a-record-low-two-week-supply-1785517600

 

(2) the economics of fiscal policy---which is an abomination. The irresponsibility and lack of concern by our ruling class, spending trillions with no plan [anyone telling you that tariffs are the answer is smoking dope] to address the issue is stunning. I can see the merit in John Tamny argument that the gluttonous spending keeps them from spending more. But given the current level of spending, I am not sure that if the absence of spending more means that interest rates and inflation will somehow be lower.

 

(3) the economics of AI. Here I have a whole less confidence in my views. As much as I have read, I still don’t understand with any degree of certainty the economics of the current AI spending. That doesn’t mean that all the hopes and dreams of the participants won’t come to fruition. It just means that I don’t have a lot of confidence in the outcome. Suffice it to say that the enormous current and forecasts spend had better pay off or the economy and the Market are in for some serious indigestion.

https://www.advisorperspectives.com/commentaries/2026/07/31/hyperscalers-earn-ai-ambitions

 

                   What skeptics get right and wrong about AI.

              https://talkmarkets.com/article/ai-bear-case-what-skeptics-get-right-and-wrong-1785501494

 

The optimistic view, though it says nothing about the economics.

https://www.realclearmarkets.com/articles/2026/07/31/mark_zuckerberg_articulates_the_brilliant_ai_future_ahead_1197561.html

 

The economics of inflation.

https://mrzepczynski.blogspot.com/2026/07/the-failure-of-forward-guidance-or-what.html

 

Bottom line: the economy continues to grow despite the ruling class’s best effort to sabotage it while inflation remains well above the Fed’s target. There are plenty of storm clouds, so caution is needed.

 

                        US

                       

                        International

 

                          June German retail sales fell 1.1% versus consensus of down 0.5%.

 

The July Japanese manufacturing PMI came in at 54.5 versus projections of 54.7; the July German manufacturing PMI was 52.2, in line; the July EU manufacturing PMI was 51.9 versus 52.0; the July UK manufacturing PMI was 51.9 versus 52.8.

 

                        Other

 

                          July business cycle indicators.

                          https://econbrowser.com/archives/2026/07/business-cycle-indicators-at-end-july

 

            Iran

 

              Overnight news.

              https://www.zerohedge.com/markets/trump-says-perimeters-deal-reached-iran-reopen-hormuz-after-call-saudi-crown-prince

 

              Another TACO headline?

              https://www.zerohedge.com/geopolitical/iran-denies-negotiations-us-after-trump-announces-talks-monday-afternoon

 

            Fiscal Policy

 

              Government ownership of companies is becoming routine.

              https://www.cato.org/blog/government-ownership-stakes-companies-becoming-routine-under-trump

 

     Investing

 

                        Second quarter earnings hitting on a cylinders.

https://www.zerohedge.com/the-market-ear/world-wonderful-first-time-1955?gift=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJuaWQiOiIxMTIwMTU3Iiwic2VuZGVyVWlkIjoiUUhnc3BaZVVFS2E3RHhXM216eFlKbjhaWEFoMiIsImlhdCI6MTc4NTc2MDIwNywiZXhwIjoxNzg4MzUyMjA3LCJhdWQiOiJ6aC1naWZ0In0.1b8Hrseby8otekQ-5uYAw0JXQRiK95MmIFlpcyMzPt8

 

           

                        The short seller fairy tale.

            (4) Leopold Aschenbrenner’s Short Seller Fairy Tale

 

 

                        Investors should brace portfolios from tech volatility.

            https://giftarticle.ft.com/giftarticle/actions/redeem/1a818e58-b63f-454d-99bf-376ba431d380

               

                The new ‘crash puts’.

https://www.zerohedge.com/markets/banks-unload-leveraged-etf-risk-crash-puts?gift=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJuaWQiOiIxMTIwMTQyIiwic2VuZGVyVWlkIjoiUUhnc3BaZVVFS2E3RHhXM216eFlKbjhaWEFoMiIsImlhdCI6MTc4NTc2MTEwMCwiZXhwIjoxNzg4MzUzMTAwLCJhdWQiOiJ6aC1naWZ0In0._qYMaZvsqd2EZRfnQKG5O949ZkScgYGJyoi5Izh-o30

 

           

    News on Stocks in Our Portfolios

 

 

What I am reading today

 

           

 

Visit Investing for Survival’s website (http://investingforsurvival.com/home) to learn more about our Investment Strategy, Prices Disciplines and Subscriber Service.