Big Picture · Week of 10 August 2026
What the Talking
Headge Said.
Talking heads on US markets publish on their own YouTube channels and X handles. Headge turns those posts and videos into short, source-backed views of who said it, about what, which direction, and over which horizon, so the catch-up takes fifteen minutes.
USD remains bearish, with the dollar expected to weaken further over the medium-term market path rather than recover.
Keith McCullough BEARISH
Hedgeye. Growth/inflation Quads, risk ranges, high-frequency cross-asset regime calls. Public direction, paid levels.
New Views Today
LatestBullish
Growth is trending toward a Goldilocks environment as technical factors bring inflation down at an unusual point in the cycle.
Food prices are accelerating, with the FAO index at a more than three-year high and vegetable oil prices up over 17% year over year.
Gold appears to be breaking out as investors seek viable alternatives to fiat currencies and digital fiat loses purchasing power.
Bearish
USD remains bearish, with the dollar expected to weaken further over the medium-term market path rather than recover.
The labor market’s post-COVID equilibrium jobs pace may be as low as zero or negative monthly payroll growth, reflecting demographic shifts that standard models failed to predict.
Consumer and producer price pressures are easing because weak consumers cannot absorb higher energy costs, forcing service providers and retailers to hold or cut prices.
Inflation is collapsing, with CPI at 3.4% and supercore inflation at 2.7%, even as the 10-year Treasury yield reaches 4.683%.
$QQQ implied volatility relative to SPY likely compresses further into Jackson Hole as macro takes center stage, following its collapse from May AI-chase highs.
1 Week Horizon
McCullough · Positioning & Vol
McCullough · Earnings
Schiff · GLD
Schiff · SLV
Schiff · BTC
Shannon · Positioning & Vol
Hanke · Tariffs & Geopolitics
Wang · SPY
Roberts · SPY
Keller · PSTL
Karsan · Positioning & Vol
Hanke · USO
Parets · IWM
Shannon · NVDA
Shannon · XLF
Shannon · TLT
Shannon · XLE
Shannon · MAGS
Shannon · SPCX
Shannon · SPY
Shannon · QQQ
Shannon · IWM
Shannon · SSPC
Hanke · DXY
US equity volatility remains in the investable bucket, maintaining a constructive tactical setup for volatility exposure during the current near-term market environment.
1 Month Horizon
McCullough · DXY
McCullough · TLT
Steno Larsen · Growth
Steno Larsen · Inflation
Hanke · Inflation
Snider · Inflation
Snider · Growth
Snider · USO
Hanke · USO
El-Erian · Fed Policy
Woo · Inflation
Kochuba · Positioning & Vol
Hanke · CPER
Hanke · DXY
Hanke · Housing
Hanke · Growth
Wang · Inflation
Wang · TLT
Wang · Growth
Wang · Tariffs & Geopolitics
Wang · Housing
Bilello · Inflation
DiMartino Booth · Growth
Keller · EXPE1 Year Horizon
Bianco · LABOR
Snider · Recession Risk
Snider · LABOR
Bilello · Inflation
Bilello · AI
Gromen · GLD
Lee · ETH
Gromen · Inflation
Gromen · TLT
Gromen · DXY
Bilello · TLT
Gromen · Growth
Bilello · Fiscal & Treasury
Parets · Positioning & Vol
Hanke · Earnings
Snider · TLT
Snider · Inflation
Snider · Liquidity
Snider · Fiscal & Treasury
Snider · Growth
Bianco · AI
Hanke · LABOR
Snider · USO
Hanke · Fiscal & Treasury
The labor market’s post-COVID equilibrium jobs pace may be as low as zero or negative monthly payroll growth, reflecting demographic shifts that standard models failed to predict.
Moved Since Yesterday
Kochuba · Positioning & Vol $QQQ implied volatility relative to SPY likely compresses further into Jackson Hole as macro takes center stage, following its collapse from May AI-chase highs.
Bianco · AI AI industry backlash will intensify unless companies dial back hubris and doomsday rhetoric that has amplified fears of displacement and economic disruption.
Bilello · Inflation Inflation has persisted despite 175 basis points of Fed rate cuts since September 2024, with the 30-year Treasury yield reaching 5.3%, its highest since 2007.
Where They Diverge
Words
Method
How Headge Works
- 01
Discover
Talking heads publish on their own YouTube channels and X handles. Headge credits the speaker, never the venue that hosted them.
- 02
Place
Each directional claim lands on one topic, with a horizon and a source. If it cannot be placed confidently, there is No View — not a guess.
- 03
Read
Start with Latest, then the 1 Week, 1 Month, and 1 Year horizons. Open a portrait for the analyst, or a summary for the topic.
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Source-Backed
Every view links to the original post or the exact YouTube moment.
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Closed Catalog
A view occupies one named topic. Headge does not invent a new one to make it fit.
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Mix Is a Count
Bull, Neutral, and Bear are tallies of unique analysts, not a house call.