Steve Henderson

Markets, Time & Sundry...

[Steve Henderson @TTCSteve]

2026 Outlook: Apologies
I have decided to forego this year's Outlook. My apologies, as family and other matters have taken over my weekends of late.
But here's a taste of what I see as we develop deeper into the war cycle and end of socialism political cycle.

[Eric Daugherty @EricLDaugh]

🚨 OMG. President Trump CUTS OFF and WALKS OUT of a Kristen Welker interview

He looks her in the eyes and tells her SHE'S A LIAR, then storms off!

"The elections are like a 3rd world country. YOU'RE CROOKED...let's call it QUITS. I've HAD ENOUGH."

WELKER: Please, I traveled all the way to Wisconsin!

TRUMP: "I've sat in the RAIN with you for an HOUR! I've given you enough time. You ought to straighten out your press. You know what? A country can never be great with a dishonest press. Let's GO."

WELKER: *Whines*

BEST PRESIDENT EVER 🔥🔥🔥

[DataRepublican (small r) @DataRepublican]

Turns out that @LeaderJohnThune was totally projecting when he said the SAVE Act was an influencer campaign.

Senator John Thune is compromised by a company that literally exists to sell access to himself.

Pass it on.

[Jan Jekielek @JanJekielek]

Jacob Siegel just delivered a warning that every American needs to hear:

The power of “ruling class institutions” is quietly replacing the will of the American people in Washington.

“The banking institutions.”

“The large medical organizations.”

“The media.”

“The universities.”

And this new “top-down” system built the “infrastructure that makes censorship possible.”

Here’s how it happened, according to Siegel:

“This concept of the ‘whole of society’ [approach] actually begins in the world of developmental organizations like the United Nations.”

“It’s used to refer to breakneck modernization programs” in developing countries.

“The idea was that instead of appealing to the public or to civil society, which presumably doesn’t exist, you coordinate through ‘whole of society.’”

“Which is really a euphemism for the most powerful actors.”

“The ruling class institutions.”

“And then it jumps this concept… into the American domestic political system.”

“It happens in the first Obama administration.”

“Rather than necessarily needing to build up popular support by appealing to not only the general population, but also to local political parties, instead what you could do is… coordinate support of the most powerful institutions.”

“By getting the media, the universities, the banking institutions, the large medical organizations, the insurance companies… on board, you could then impose this top-down policy.”

@Jacob__Siegel

[Mike Steger @stegerMG]

After a decade of investigations targeting Donald Trump, Tulsi Gabbard unleashed the biggest counter coup in American history.

Now the hunted have become the hunters, and the hounds are about to be unleashed. This can change American politics forever.

[Joel Berry @JoelWBerry]

This is an argument that has been repeated often for many years, and here's the thing:

Everyone on all sides of the conflict knows deep down that this is 100% true.

[Echoes of War @EchoesofWarYT]

On June 6, 1944, Martha Gellhorn was sitting in a London briefing room when the news broke: D-Day had begun.

She had already been denied press credentials. The U.S. military had banned all female journalists from the front. Her editor at Collier's had quietly handed her D-Day assignment to someone else.

That someone else was her husband, Ernest Hemingway.

She got in a cab and went to the docks at Southampton anyway.

She talked her way past a military policeman by claiming she wanted to interview nurses aboard a hospital ship. Then she found a bathroom, locked the door, and waited in silence until the HMHS Prague was too far out to sea to turn back.

The Prague was the first Allied hospital ship to reach Normandy. In the dark water off Omaha Beach, Higgins boats ferried shattered men out to the ship. Gellhorn moved among them, helping carry stretchers, holding hands, recording everything. On June 8, she went ashore herself, one of the only civilians to set foot on that beach during the landing operation.

When she got back to England, military police were waiting on the dock. They arrested her, revoked her accreditation, and sent her to a nurses training camp outside London as punishment.

She went AWOL within 48 hours.

She went on to cover the Battle of the Bulge. She was among the first journalists to enter Dachau after liberation. She reported conflicts on six continents over six decades, never once embedded, never once asking permission.

Hemingway flew to Normandy on a press plane. Full military clearance. Official credentials. He watched the landings from the air and filed his dispatch.

He won the Nobel Prize.

You know his name. You probably didn't know hers until just now.

[Steve Henderson @TTCSteve]

@Gabrielletrade The only connection I see is war and a severe lack of confidence in government. War and Stagflation will always push commodities higher. What will be telling is a strong dollar and Equities at the same time...that'll throw a few off kilter.

[Steve Henderson @TTCSteve]

METALS: $GC Gold
Not much to report, as playing out.

[Steve Henderson @TTCSteve]

Does Albo roll the dice on an early election, or just steam ahead into oblivion accepting fate and dooming the country with failed policy into the abyss?
Hubris suggests the latter.

[AusPoll @AusPoll6]

🚨 6 NEWS FEDERAL SEAT ESTIMATE (based on polling aggregate to end of May): Labor's lead is maintained but One Nation continues to rise despite a volatile seat range, overtaking the Coalition

Full details here: https://t.co/HZXbyItwYL ⬇️

[Steve Henderson @TTCSteve]

$CL Monthly - Completion of the near-term leg above, puts this monthly view squarely on the radar. Wave ii, then the iii higher.

[Steve Henderson @TTCSteve]

ENERGY: $CL $WTI Oil

[Steve Henderson @TTCSteve]

Wednesday's post this week certainly hit the spot...were you numb to the market, or open to the points made?

[Steve Henderson @TTCSteve]

INDEXES: $NQ Nasdaq Full Count
Well, only way it can maintain the count and keep pushing new highs is to not drop below 30,400 and particularly 30.3k. For now, that's a clean 3 waves in v that satisfies the Ending Diagonal. Time looks to be lining up, now for Price to adhere...

[Steve Henderson @TTCSteve]

The challenge in markets is identifying tops and bottoms too early, or for that matter too late.
Risk management is the check. Though looking for a top in May was worthwhile with checks on action till it activated. The pregnant structure as full as it gets did the job this week.

[Steve Henderson @TTCSteve]

INDEXES: $NQ Nasdaq
Looking like we need a couple of iv, v's to complete this iii, and then the larger iv, v for the wave-a before we take a run up in b. Though to be clear, it's been a good run and it's likely to be more about Time than Price for a little bit now.

[Steve Henderson @TTCSteve]

$NQ Weekly - An identifiable red bar on the weekly has been a rarity of late.

[Liza Libes @pensandpoison]

The death of education began when "What kind of person should I become?" was replaced by "What kind of job can I get?"

[Glenn Diesen @Glenn_Diesen]

Security intervened to prevent any display of the Russian flag in celebration of 19-year-old Mirra Andreeva's victory. We are being indoctrinated by our radical political-media establishment to hate an entire nation.

[Jaimee Michell @JaimeeUSA]

America’s founders were obsessed with Jews.

This July 4th, America turns 250.

But there’s a Jewish side to that story that most have never heard.

James Madison studied Hebrew at Princeton.

Alexander Hamilton went to Hebrew school.

And Benjamin Franklin wanted Moses splitting the sea on the Great Seal of the United States.

But why?

“I will insist that the Hebrews have done more to civilize men than any other nation.” - John Adams

Because the core principles that define the American identity were rooted in the biblical tradition and culture carried by one people:

The Jews.

Freedom. Equality. The inherent value of every individual. And education as a universal right.

These ideas weren’t born in Rome or Athens but at Sinai, and were preserved throughout history by the Jewish people.

The founders didn’t just look to “Western values.”

They looked to the Torah.

They saw ancient Israel and the Jewish people as the ultimate model of a free people bound not by force but by covenant. Governing themselves under a shared sacred law.

And America was their attempt to do it again.

“May the Deity . . . who delivered the Hebrews from their Egyptian oppressors [and] planted them in the promised land—whose providential agency has lately been conspicuous in establishing these United States. . .”

@myJLI

[The Conservative Alternative @OldeWorldOrder]

TEDDY ROOSEVELT: "The curse of every civilization is that its men in the end become unable to fight.

Materialism, luxury & safety weaken the fibre of each civilized race in turn, then each is trodden underfoot by some ruder people that keep that virile fighting power alive."