MVX

CIO, MacroVex Capital // Markets // Economics // @MacroVexCapital

[MVX @realMacroVex]

Valuation is relative to rate of change. Stocks are rate of change securities that get re-rated every 90 days.

[MVX @realMacroVex]

Real Personal Income Growth, excluding current transfer receipts, is now -0.05% year over year.

Not a good look for the U.S. Economy.

[MVX @realMacroVex]

University of Michigan - Current Economic Conditions & Consumer Sentiment levels are Extremely Concerning!

https://t.co/y3qydnC5k4

[MVX @realMacroVex]

The creators of Ai/robotics have an incredibly large incentive to convince the general public the goods and services produced by Ai/robotics will far outpace the growth in money supply. Stumbling upon a new free lunch is a myth as old as time. There is nothing new under the sun.

[Elon Musk @elonmusk]

Universal HIGH INCOME via checks issued by the Federal government is the best way to deal with unemployment caused by AI.

AI/robotics will produce goods & services far in excess of the increase in the money supply, so there will not be inflation.

[MVX @realMacroVex]

@rinsana @elonmusk The creators of Ai/robotics have an incredibly large incentive to convince the general public the goods and services produced by Ai/robotics will far outpace the growth in money supply. Stumbling upon a new free lunch is a myth as old as time. There is nothing new under the sun.

[MVX @realMacroVex]

University of Michigan - Current Economic Conditions & Consumer Sentiment levels are Extremely Concerning!

https://t.co/y3qydnC5k4

[MVX @realMacroVex]

Not a good look for the U.S. Economy

[MVX @realMacroVex]

Not a good look for the U.S. Economy

[MVX @realMacroVex]

@LizAnnSonders @LukeGromen All the financial experts I’ve spoken to recently claim earnings estimates for the S&P 500 are up and that the market will run higher along with corporate earnings.

My view is the analysts creating these estimates are complacent.

[MVX @realMacroVex]

“They got America by the Stock Market”

- Steve Reinisch, MacroVex Capital

[MVX @realMacroVex]

@MattMillerCubed @JPMorganAM @CNBC @realDonaldTrump Financial markets are bipartisan, the economy has become driven by fiscal dominance. For the same reasons the stock market no longer reflects the real economy, large government spending, the interest & mortgage rate market is acting similarly.

[MVX @realMacroVex]

David Kelly from @JPMorganAM is absolutely correct. No need to cut rates right now, and furthermore the only way to get mortgage rates down is through a recession.
Kudos, Mr. Kelly.

[MVX @realMacroVex]

@gamesblazer06 Very high valuations

[MVX @realMacroVex]

@gamesblazer06 Too much optimism

[MVX @realMacroVex]

@MacroVexCapital @SmeadCap Financial markets typically pay investors to pay attention, but right now they’re paying investors to look away.

[MVX @realMacroVex]

The yield curve is squeezing real personal incomes. A serious development for investors to watch.

[MVX @realMacroVex]

@gamesblazer06 Strongly agree!

[MVX @realMacroVex]

Would someone at the @WhiteHouse please get @StephenM to bring @EPBResearch in to explain to @realDonaldTrump and @VP why the public is upset about the economy?

[Eric Basmajian @EPBResearch]

Net investment is the basis of future productivity.

Lower investment today means a smaller capital stock tomorrow, and ultimately slower wage growth since real wage improvements are tied to productivity enhancements.

[MVX @realMacroVex]

@EPBResearch Excellent post. Thank you, Eric. 🇺🇸

[MacroVex Capital @MacroVexCapital]

December 2025 Market Update
https://t.co/nkN84Ur5Mr