“This divergence [between the S&P 500 and certain technical indicators] isn’t just a blip; it’s the longest divergence we’ve seen in recent memory… like when the weather at the beach looks fine but the locals pack up their umbrellas because they sense a storm coming.” … Sevens Report Technicals, September 11, 2025 “On Friday, the  Continue Reading >

“At the current premium, the market is not providing any margin of safety to compensate investors for any of the myriad risks on the horizon …. we expect the rate of economic growth will decelerate sequentially over the course of 2025”…. Morningstar Market Outlook, August 5, 2025 “The only function of economic forecasting is to  Continue Reading >

“In 1981, adding $1 to the national debt was associated with a $3.15 increase in GDP. By 2024, that had fallen to only $0.81. That means government debt now—today—has a negative impact on GDP. Every new dollar of debt literally slows down the economy”…. John Mauldin, Thoughts from the Frontline, June 28, 2025 “Congress is  Continue Reading >

“I don’t have FOMO, (fear of missing out),” says [wary investor]. “I have FOGI: fear of getting in.” … Why This Stock Market Makes So Many of Us Want to Scream, Wall St Journal, May 30, 2025 “Beijing’s agreement to temporarily restore rare-earth licenses was one of the key breakthroughs in the latest round of  Continue Reading >

““Why did the administration fold most of its tariff cards? Because another one-week [0.65%] increase in US long-term interest rates would break the world.” … Tension in the Sandpile, Thoughts from the Frontline by John Mauldin, 5/10/2025 Sorry, I’m a good week later than I wanted to be with this newsletter – I had a  Continue Reading >

“Mr. Trump should give a globally televised address announcing to the world that the U.S is ready to drop its tariffs to zero tomorrow on any nation that does the same” … A Win-Win Exit Strategy, Wall St Journal 4/7/2025 “Interest rates soared [this week] as large pools of capital are selling U.S. assets and  Continue Reading >