This total margin balance YoY chart is the cleanest chart to identify MAJOR market top/bottom, I mean major tops and bottoms that occur every couple of years.
1. red data shows YoY change above 40%
2. orange data shows YoY change b/w 20%-40%
3. green data shows YoY change b/w 0-20%
4. blue is negative YoY changes.
Market is definitely in late innings with YoY for Oct 2025 sitting at 45%.
One more last leg up and boom?
If you want to make the most progress you've ever made in your life, you need to be alone. You need an extended period of isolation, not influenced by friends or media, spent building your future. You need space to learn, think, experiment, and fail.
Give yourself 6 months. Focus solely on the development of your mind, body, spirit, and finances. This is how you get ahead of most people.
In her latest sciolistic letter to me, @SenWarren made it clear that she knows even less about foreign exchange markets than she does about banking.
What is equally shocking, but not surprising: not a single member of the media mob has a rudimentary-enough level of financial market literacy to spot her remedial error.
To reiterate: under @POTUS, the United States delivers for America’s trusted partners.
For a fuller explanation, I recommend Senator Warren take any entry level course in international finance for her and her staff, or I can personally give her a tutorial on Foreign Exchange for Dummies. Although I am not holding my breath, I hope her next letter will demonstrate that she has learned the difference between a currency purchase and a swap or a loan.