BaselineAce

Contrarian investor and macro trader. Reflexivist. Tweets are not investment advice. #stocks #bonds #investments #trading

[BaselineAce @BaselineAce]

You have to look at the S&P in #gold terms and then it makes much more sense! (cc:@McClellanOsc)

[Frank Luntz @FrankLuntz]

The stock market is at all-time highs.
Consumer sentiment is at all-time lows.

👉🏻 https://t.co/0HvjMyGsUz

[Tom McClellan @McClellanOsc]

Here is what that looks like.

[BaselineAce @BaselineAce]

This would be an AOL/Time Warner moment — #SpaceX-#Tesla merger chatter reignites as Musk pushes rocket company towards Nasdaq https://t.co/yXGPJQHBFM

[BaselineAce @BaselineAce]

Not AI 🤪

[BaselineAce @BaselineAce]

Maybe one should look at S&P/Gold instead

[Tom McClellan @McClellanOsc]

The better point of this comparison is to ask yourself: What happens to stock prices in the months after a very low UMich sentiment reading like this one?

[BaselineAce @BaselineAce]

Good news is bad news
https://t.co/kJuXhKBTc8

[RenMac: Renaissance Macro Research @RenMacLLC]

The Trump administration has other tariff authorities it could pivot to …

Sec. 122 of 1974 Trade Act. A maximum tariff of 15% for up to 150 days to address deficits. No investigation required. This authority has never been invoked before.

Sec. 338 of the 1930 Tariff Act. A maximum tariff of 50% to address "unreasonable" trade practices. No investigation required. This authority has never been invoked before.

Sec. 301 of the 1974 Trade Act. No limit on tariffs to address “unfair” trade practices. Investigation required. The Trump administration has used this authority before.

Sec. 232 of the 1962 Trade Expansion Act. No limit on tariffs to address threats to “national security.” Investigation required. The Trump administration has used this authority before.

[BaselineAce @BaselineAce]

I’ve been thrown off by the persistence of low oil prices in the face of exorbitant precious metal prices. This is one area where President Trump deserves a lot of credit. Historically gold and oil have tended to trade in the same direction, albeit on somewhat of a lag.

[BaselineAce @BaselineAce]

Couldn’t have been more right!

[BaselineAce @BaselineAce]

The next catalyst for precious metals volatility - https://t.co/g5xW5SPu6j #gold #fed

[BaselineAce @BaselineAce]

Arise, shadow Fed chair Stan Druckenmiller https://t.co/Yphjnj4HP9

[BaselineAce @BaselineAce]

Markets usually fall faster than they rise

[BaselineAce @BaselineAce]

Neil Dutta moves markets.

[BaselineAce @BaselineAce]

I wouldn’t be surprised if it’s Waller since he’s already on the Fed

[BaselineAce @BaselineAce]

Trump says he’ll announce his Fed pick next week. Here’s who’s in the lead, according to prediction markets.
https://t.co/1nY9DNahm8

[BaselineAce @BaselineAce]

Trump is trying to force deals through before IEEPA ruling https://t.co/AkWox5XSSe

[RenMac: Renaissance Macro Research @RenMacLLC]

Commercial Hedgers are excessively long Yen! This extreme 90th percentile positioning could signal big moves in USD/JPY. Contrarian play and global source of liquidity potentially ebbing. #Forex #Yen $SPY

[BaselineAce @BaselineAce]

The next catalyst for precious metals volatility - https://t.co/g5xW5SPu6j #gold #fed

[saila @sailaunderscore]

Michael Burry appears to be shutting down Scion Asset Management.

[BaselineAce @BaselineAce]

Analogs are just for fun. They won’t help you make money.

[BaselineAce @BaselineAce]

…or “once I buy in, the fund manager retires.”

[Meb Faber @MebFaber]

What they say:

"I want a top decile fund with a 10+ plus track record, and once it goes through a pullback I'll load up and buy more".

What they do:

"I want a top decile fund with a 10+ plus track record, and once it goes through a pullback I'll sell everything I own".