The Magnificent Seven Are Breaking Up

MAGS have gone nowhere. Credit stress is back. Apple is leading. Microsoft and Meta are moving in opposite directions. The basket trade is cracking.

The Facts Behind China's "Gold Reset"

China is building a financial neighborhood in which physical gold is easier to store, trade and use – while reducing reliance on institutions and payment systems outside its control...


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Jim Rickards Slams Tech Bros Running The Marxist Playbook

...following a Marxist-style playbook by scraping copyrighted intellectual property without fair payment, eliminating jobs while externalizing costs onto the public (higher electricity bills, data extraction, subsidies), and enriching themselves through digital imperialism and extraction.

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Who's Left To Sell Korea?

One chart explains why we're no longer as bearish on Korea. It's not the KOSPI. It's KORU.

The Great Tech Reset

Roughly 85% of the April-May leveraged ETF build-up has already been unwound, according to JPM. There are simply far fewer leveraged players left to force-sell on the next downtick.