What the Talking
Headge Said.

The S&P 500 remains in a secular bull market, with any pre-midterm weakness more likely a normal correction than a 2022-style bear market.

US deficit and debt issues must be addressed rather than deferred, as they pose long-term risks to the dollar and Treasury securities’ risk-free status.

Bitcoin has held the floor of its power-law curve and corrected long enough to satisfy the time element of a mild four-year cycle winter.

$NVDA's Hugging Face deal could prove materially larger than it initially appears, supporting a more constructive long-term outlook.

Home prices will rise if mortgage rates fall because sellers will raise prices, leaving buyers with similar monthly payments but more principal.

US housing affordability faces a crisis as 30-year mortgage rates have remained near 6.7% for the past month.

September rate-hike odds have risen to almost 60%, exceeding the 42% probability of holding rates steady at the next meeting.

US stocks are expected to decline over the near term, with gold and long bonds also projected to weaken materially.

Europe’s prolonged bank credit tightening and preference for government bonds over lending have reduced credit abundance, investment, productivity, and household resilience for two decades.

Fed policy is being repriced more hawkishly following Chair Warsh’s firm commitment to the inflation target, while longer-term credibility gains endorsement.