Perry Bartol

Retired after 33 years on Wall St covering the healthcare Industry.
Subscribe to my newsletter for Market Analysis:

[Perry Bartol @PerryBartol]

I read an interesting study published by @AEI today debunking the myth of the “hollowed out middle class” that is pushed by Dem, GOP, and LP politicians alike. The truth is this: (Methodology and link to the full study in replies)

[Perry Bartol @PerryBartol]

June 4 Market Update

The impact of the Middle East conflict, 3 months later and as compared to the 1990 case study.

https://t.co/Ov96cmov70

[Perry Bartol @PerryBartol]

9 straight days of green (SPX & Nasdaq) in a 9 straight weeks of green streak(9/9 for SPX, 8/9 Nasdaq). The buyers are in control.

[Perry Bartol @PerryBartol]

@qcapital2020 Unimpressive

[Perry Bartol @PerryBartol]

@KRFsocial @DavidBCollum Correct. And in the flow show he advised to be long them now, complemented with materials and commodities.

[Perry Bartol @PerryBartol]

@HighbrowHaze @DavidBCollum It’s true. It’s also true we should be thankful because when you’ve had 9 straight weeks of green and sentiment is still negative it’s a bullish signal.

[Perry Bartol @PerryBartol]

I read a few of the posts, I can’t handle that writing style. I don’t know if people are using AI to write, or just adopting its style from reading it, but the it has become a trend. It’s sort of a staccato of phrases using simple vocabulary strung together as sentences. It’s not for me. Cheers

[Perry Bartol @PerryBartol]

1-the federal Government has gone from actively working with NGOs and tech companies to suspend accounts and censor posts to defending free speech against those same people attempting to use the digital services act to do the same thing.

2-all the prominent objectors to the response to Covid in 2021-2022 - themselves targets of #1 above - were appointed to the key leadership positions in public health (Battacharya, Makary, Malone)

3-de carbonization - which is the biggest threat to prosperity, economic freedom and consumer discretion- has been reversed

4-trade agreements have been revised and the threat of tariffs used as a tool to remove tariffs on US exports (EU in particular removing 80%) in return for dropping the threat of our own tariffs

5- immigration laws are being enforced

6-15% of the federal workforce was terminated

7- the cycle of taxpayer money sent to NGOs to promote ideology counter to liberty minded free market ideology has been disrupted.

These are all wins that liberty minded individuals should be celebrating. The fact that they are being ignored, and negativity is being amplified instead- largely to do with foreign policy- is a signal that the culture of the Liberty movement is dominated by a “everything government does is bad” mindset and not a “individual civil liberties is the main objective” purpose.

We can also look at the reaction to the Massie primary loss, which A-saddens me greatly and B - has been mostly comments that the political process is permanently broken “we can’t vote our way out of this”. I don’t see people learning the lessons from it, which i believe is the same as the first part of my reply. Because most of his departures from his party have been on the foreign policy front. Even though his track record of defending individual civil liberties is stellar. It’s a question of priorities. I am motivated to volunteer for an organization focused on individual civil liberties, I’m not interested in volunteering for an organization focused on foreign policy objections-especially when there are wins in the first category that might be lost in the future.

Negativity is addictive, but it’s not productive, it’s never a solution. If you can’t celebrate victories or propose solutions, you won’t get volunteers or the votes needed for further progress.
There is a lot of it going around right now, relative to the markets, politics, the economy- but I think it’s a trap and to be avoided.

[MAZE @mazemoore]

This is one of the more important videos I’ve made.

Never forget this evil.

[Perry Bartol @PerryBartol]

@CrystalHope1979 Notice the dog tries to get the little boy to play fetch just before his solo 😆

[Eric Balchunas @EricBalchunas]

Passive S&P 500 funds could have to buy roughly 19% of public SpaceX shares within 6mo under fast-tracking framework (it would enter the index at the est 6th spot), Russell 1000 and Nasdaq 100 may buy another 5.5% within weeks of the IPO. Thrown in active MFs benchmarked to those indices and you get to HALF of SpaceX shares. Nice study from my colleague @rduboff

[Perry Bartol @PerryBartol]

@TulsiGabbard @ODNIgov I said a prayer for your husbands health and a prayer for you that you may continue to be blessed with courage, wisdom and guidance. Cheers.

[Perry Bartol @PerryBartol]

Regardless of your political views, freedom of speech is something every citizen should care about. We saw some egregious abuses of it in the 2021-2022 period in our own country- see the Twitter files. Jonathan Turley is one of the best at studying it and writing about it.

https://t.co/Lsmi2QPcO8

[Perry Bartol @PerryBartol]

This was the pattern in 1990. Oil shocks initially appear inflationary, and in 1990 just as in 2026 the Fed paused its easing due to the initial impact on pricing, but the demand destruction eventually led to a recession several months later.

Our energy industry and import vs export profile is very different today than in 1990, but the potential for a shift from inflationary fears to the “R” word is something I’m watching closely.

[zerohedge @zerohedge]

Hormuz Shock Raises Recession Risk As Retailers Sound Alarm On Consumer Stress https://t.co/2m5mPiYBJ7

[Perry Bartol @PerryBartol]

Breadth is important. Performance of equal weight indices, advance/decline measurements, up volume vs down volume. Market technicians such as the legendary Marty Zweig developed innovative tools and signals based on it. Market technicals can be a complicated challenge to measure and interpret, but if your furu isn’t regularly assessing breadth it’s a red flag.

[Norseman Market Timing @Norseman1]

$QQEW made a follow-up new ATH today.
Bears have spent weeks arguing 'narrow market, breadth deteriorating.' Equal-weight indices at new ATHs is breadth participation.
Watching $RSP next as it's coiling in Cup-and-Handle just below ATHs. Resolution higher finishes the narrow-market narrative. The framework's read all month: equal-weight catches up to cap-weight, not the reverse as we have been reporting. Lagging in "V" recovery.

[Perry Bartol @PerryBartol]

It’s undeniable, and due to 2X and 3X ETFs and leveraged CEFs there is more leverage embedded in investment vehicles than ever before even if not bought on margin.

It’s also true the sentiment indicators are overwhelmingly negative right now, so I find myself asking which portion of the leverage is applied to bearish positions vs bullish. TLT for instance has seen record levels of shorting.

Either way, the extent of leverage within margin and the vehicles should translate to bigger swings at some point. Cheers Lance I value your posts both here and on Substack

[Perry Bartol @PerryBartol]

I’m not nearly as concerned about his state of mind as I am for the 120th Congress. He routinely sponsored amendments to omnibus legislation attempting to remove provisions which wouldn’t be passed standalone. He was the only one who did anything to debate the CARES act in 2020 which turned out to be a mistake. He led the opposition to aid to Ukraine while the GOP speaker pushed it through despite majority GOP opposition. He has led the opposition to FISA section 702 which has been used multiple times to spy on Americans including Carter Page. The gas stove bans, the kill switches in cars, attempting to make the DOGE cuts permanent.

He did a lot to try to serve our interests in Congress when 90% of our elected leaders do what’s in their own self interests. It’s fine to disagree with him on those issues but any account who mocks someone after three billionaires spent $30mm in a rural district in Kentucky to remove someone they don’t like due to a small portion of his ideological platform is not an account I would ever support.

[Perry Bartol @PerryBartol]

@PurpleDrink_LLC I hate to hit the like button. What you say is true but it’s painfully true.

[AF Post @AFpost]

Voters 65 and over were the only age demographic in Kentucky’s 4th Congressional District primary to favor Ed Gallrein over Thomas Massie, but their support ultimately swung the race for Gallrein.

Follow: @AFpost

[Perry Bartol @PerryBartol]

@jackhunter74 @TRHLofficial Tough day.

[Perry Bartol @PerryBartol]

@TheLaurenChen @solari_the I agree with that. So does Neil Howe.