B.H.

[B.H. @xpxchb]

@Nostre_damus 😂 Haha

[B.H. @xpxchb]

@Rusong_Machunbo 东大终于出手了，波斯猫打出统战价值

[Lance Roberts @LanceRoberts]

BCA’s US Equity Risk Indicator is one standard deviation above its mean, which historically has signaled short to intermediate-term corrections in the market.
@SoberLook

[Barchart @Barchart]

Google $GOOGL Free Cash Flow goes negative for the first time in history 🚨🚨

[外汇交易员 @fxtrader]

摩根大通CEO戴蒙表示，对当前价格的长期国债和股票并不看好。

鉴于目前的利率和通胀水平，“不会买入”长期国债。“我不知道上涨空间在哪里”。

戴蒙还表示，他近期没有买入任何股票，并指出目前企业利润非常高。（华尔街日报）

[Guilherme Tavares @i3_invest]

We are in a bubble.

However, tech insiders continue to buy, and the buy-to-sell ratio remains strongly positive, which is undoubtedly bullish.

IMO, the financial and technology sectors have the smartest insiders, and I'm not sure it's a good idea to bet against them right now.

How long can this bubble last before a major top? I don't know. But for now, it doesn't seem like the time yet.

[(((The Daily Shot))) @SoberLook]

Jim Paulsen’s policy pressures index, which combines oil prices, Treasury yields, and the dollar, suggests that the economy’s strong momentum is facing mounting headwinds.

Source: @jimwpaulsen

[Guilherme Tavares @i3_invest]

As suggested in the previous post, the dollar experienced a significant devaluation relative to the yuan.

According to this analogy/leading indicator, this trend is likely to continue.

#IntermarketRelationship

[Guilherme Tavares @i3_invest]

NEVER in history has the Heavy Truck Index 2-year rate of change fallen below -25% without a recession following.

Have market dynamics really changed, or is it just a matter of time?

[Guilherme Tavares @i3_invest]

Is this time different?

[Guilherme Tavares @i3_invest]

Another interesting analogy suggests a small pullback for the moment and a major top by late September.

[Guilherme Tavares @i3_invest]

I am still monitoring this closely.

[Guilherme Tavares @i3_invest]

CHF/USD is also suggesting a deeper pullback from current levels.

[Guilherme Tavares @i3_invest]

Just BUY gold.

A clear buy setup as outflows reach extreme levels, which is historically a strong contrarian bullish signal.

As of today, we still have: Elevated geopolitical risks, persistent fiscal deficits, and continued central bank demand.

The macro background remains intact.

[Otavio (Tavi) Costa @TaviCosta]

Copper now diverging from gold in a meaningful way.

Yes, AI, industrial demand, and onshoring are part of the story.

But the real driver is a tightening supply-demand imbalance that the market is only beginning to price in.

That said:

Metals rarely stay disconnected for long.

This gap is setting the stage for gold to become the next catch-up trade, in my view.

https://t.co/sJjIAEqwqb

[B.H. @xpxchb]

@JiaweiShen2568 哈哈，今年第一次还是第二次夺冠领先4秒，也是世界名画

[Guilherme Tavares @i3_invest]

Ladies and gentlemen,

That's the moment of truth for growth relative to value.

Place your bets.

[Barchart @Barchart]

Stock Market closing in on its highest Shiller PE Ratio in history, now only slightly less than during the Dot Com Bubble 🚨🚨🚨

[Guilherme Tavares @i3_invest]

IMHO, one of the best ways to measure market insanity is by comparing it to its % dist from the exponential growth trendline.

The big question is: top or blow-off top?

In late 2021, it marked a meaningful top. However, compared to the dotcom bubble, this measure looks like a baby.

[Shanghai Macro Strategist @ShanghaiMacro]

The Chinese central bank remains the most unwavering “buy-the-dip” force in gold.