ChiefMacro

ChiefMacro

Junk bonds looking very "2008". This supports my overall view, which is that all equities, commodities, and currencies and the market in general, are highly overvalued; this has been the case for roughly the last two years. What a mess.

ChiefMacro

The yield curve is now fully inverted after reaching EXTREME levels. With that, we can conclude the recession has officially contaminated the financial sector. Soon (likely before year end) we will see a significant selloff in equities. Suggest: sell stocks & buy US Treasury Bonds.

ChiefMacro

Lot's going on in this picture, my apologies for all the noise. Consistent with the overall market and recently published indexes, I am looking for more downside in US Domestic small-cap stocks. If you thought or if you were influenced that this inflation bubble economy would persist forever, I advise you consider a different source of information. "Do your...

ChiefMacro

Awhile back I posted a chart, where I referred to this current market as the "Yellowstone Bubble". Lol at the time, I was simply teasing about how ever since roughly season 4 of the show Yellowstone , it seems like everyone thinks they are some kind of tough-guy money-making, all-powerful market wizard. Google: "Yellowstone Oracle". Anyway, there's not much...

ChiefMacro

Whenever news commentators feel the need to interview a CEO, and hail the CEO as some kind of benevolent "hero of the people", that is a pretty good indicator that something is awry. The same applies for rampant social media hype. At the end of the day, the chart & the macro backdrop tell the real story. NASDAQ:NVDA will collapse from here. Don't bother...

ChiefMacro

"Financial Advisors" tend to be clueless about the overall health of the market and the economy. The "advisor" profession is laced with toxic narratives about "your goals" and "focusing on the long term" and "staying invested". They're clueless as to what is going on. As the recession sets in and the market collapses, we will see mortgage delinquencies soar....

ChiefMacro

I called the oil top in June 2022 and I have been building / holding a massive leveraged short position ever since then. This market will take YEARS to recover, after the current selloff is complete. I will continue to cover the devastation, along the way. Don't listen to the media - they are lost. Question your "advisors" - they are going to encourage you to...

ChiefMacro

Behold, devastation just up ahead. $2500 is probable in the S&P. Retirements are about to be wiped out. As a friendly reminder, the "401K is free money" narrative is going to evaporate. The media will soon be out in full force talking about: "stay the course" "remember your goals" "stay invested" "LFG" "buy the dip" So foolish. If you are trapped in a...

ChiefMacro

Consistent with my entire market thesis, I am looking for the NASDAQ to selloff back to the 2018 price level, with the additional likelihood that we will test the Covid bottom from 2020. If you own NASDAQ:QQQ , I advise an immediate sell; if you are looking to increase profit, you can short the Nasdaq. Folks, we are in a recession and the market-makers are not...

ChiefMacro

Bitcoin is collapsing, it will go deep. As of right now, I am looking for AT LEAST a -75% selloff, with the expectation that we will soon test the 2018 price level. This thing might be wiped out entirely. I really don't have much else to say. Good luck everyone.

ChiefMacro

What's up, Fresh - it's our turn, baby... Circling back to our discussion on the BLS choosing to withhold the release Total Vehicle Sales for August 2024 ( in an effort to hide the disaster that is the current state of the global economy ), this baddie is setting up for a scrumptious buy opportunity. Idea: short NYSE:KMX and then take your winnings and buy...

ChiefMacro

With last months revision of 818,000 jobs, it is probably safe to conclude that other data points have also been incorrectly reported (manipulated for political purposes). Total Vehicle Sales for the month of August 2024 were supposed to be published today. As of 8:45 PM EST, the data STILL has not been released.. HUH?? Total vehicle sales are a leading economic...

ChiefMacro

This is how we hold the finance sector accountable. Caution in all assets. The world economy is grinding to a stand-still. This selloff will be deep and obviously very painful. There are a ton of hype stories and narratives out there - I have covered and poked fun at many of the ridiculous narratives in previous posts. We knew this day would come.

ChiefMacro

Leverage. It's a beautiful thing. There is not much to say about this one, the chart speaks for itself. Brief Disclaimer: this chart has evaded me - I personally think it should have corrected awhile ago (see grey arrows). Nonetheless, I never bought it... WHY?: The economy is now well into a recession (has been for at least a year). For whatever reason this...

ChiefMacro

Profit-taking & Market-making 101. A Myth : Fossil fuels are scarce. A Hoax : Green jobs, green energy, climate change, tesla (yes, with a little "t").. it's all a HOAX. It is important to understand that all of this rhetoric around "re-tooling" our economy to accommodate "green peace" is deeply rooted in communism and a centrally-planned / big-government...

ChiefMacro

Despite the best efforts of celebrities and juvenile CEOs, the crypto fantasy is coming to an abrupt end! For those of you who have followed my crypto coverage (not many - lol), you will recall that I have been steadfast in my "short-crypto" perspective since posting the "Bitcoin top" way back on October 15th, 2021 - linked to this post. Although we have seen a...

ChiefMacro

Looks like the moment of truth for Mickey & Co. I have been covering this one for a long time, with numerous mentions that Disney is a sell / short. How low this thing will go, we do not know. Right now I am comfortable saying, -50% is probable. While there are many factors in play, the broader economy is weak and Disney has done nothing but push people away...

ChiefMacro

Back on June 10th I published NYSE:CVNA short. Still looking for the short, but wanted to provide a cleaner picture. We are closer to the break and the economic headwinds are getting stronger. Car vending machines, huh?