Happy Thanksgiving!! 🍽 🦃

Super eerie parallel: $GOLD vs. $SPX price ratio was basing as Nixon took us off the Gold Standard in '71. Core inflation was also cooling ~3% YoY, coming off a print of ~6.5% just 3yrs earlier...

China equity, the long-term relative trend remains down. A lot more to prove from this asset class! $MCHI $FXI

What a fantastic chart. $GOOG dominance wasn’t on my ‘25 bingo card, but many investors were aware what 17x P/E meant for $GOOG fwd returns. A great reminder to keep it simple!

“Investor allocations to bonds are at an 18-year low… don’t dismiss bonds in your asset allocation and portfolio strategy plans - and definitely don’t doubt their role as downside dampeners when the next big downturn comes.” h/t Topdown Charts

So much is riding on how this pattern resolves over the next 6-months. $TNX $AGG $SPX

Talk about a divergence! $USDJPY $TNX #JP10Y #US10Y

Was that it? Healthcare back below the relative 200-day average. $XLV $SPY

$ETHUSD vs. $BTCUSD Trading atop an upward sloping 200-day sma.

Risk comes from not knowing what you are doing.

If you torture the breadth data long enough it will tell you anything you want it to

Smallcaps right now 🫡

On The Investopedia Express with caleb silver this week, Patrick Dunuwila, CMT of The Chart Report explains why the #Silver breakout looks a lot like a head of #broccoli - and why it can keep growing from here. Full interview and episode in link in bio. 👇🎧

Microcaps $IWC vs. Largecaps $SPY Junk continues to work.

The fact he said it’s “akin to investing” is just staggering. This is a guy you surely want at your casino… If you’re risking hard earned dollars on binary outcomes (no matter how thoroughly researched) you are gambling / speculating.

The 4 largest Russell 2000 sectors are Healthcare, Industrials, Financials (Reg. Banks) & Tech. They comprise >65% of the index. The below chart displays each sector relative to $SPY. Tech is the most constructive. Financials are basing. Industrials are oscillating.

x.com/i/article/1994…

Hey Miami - Your fight is with Bama not the Irish. Futures pricing tells us Bama is in, regardless of Georgia game outcome. 3-loss Bama gets in ahead of Miami? Yes, bc those 2 Miami losses were TERRIBLE!