Big Picture · Week of 31 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.
Copper is making new highs after speculative long positioning eased, while its fundamental backdrop remains valid and trend following may improve.
Jason Shapiro BULLISH
Sentiment Graph
Every portrait is one talking head and every disc is one topic. An edge is one attributed view, inked by that analyst's sentiment. A disc fills with that topic's split of analysts, Bull rising in green from the bottom and Bear in red from the top, Neutral between; its frame is the mean sentiment of the analysts on it, as is the frame around each portrait. Scrub or play the last thirty days to watch views arrive, flip, and lapse. Counts and means only, never a house view.
New Views Today
LatestBullish
Copper is making new highs after speculative long positioning eased, while its fundamental backdrop remains valid and trend following may improve.
Copper has reached all-time highs and risen 50% over the last year as the commodity surge extends well beyond oil and refined products.
Gold has a bullish short- to medium-term outlook as macro conditions signal a high probability of sustaining the current risk-on regime.
Bearish
Multifamily distressed sales rose to 4.7% of deals in Q2 from 1.5% in Q2 2025 as lenders increasingly bring troubled assets to market.
S&P earnings estimates for this year and next year sit extremely elevated above long-term growth and upper trend lines, leaving them vulnerable to mean reversion.
AI faces a likely post-midterm “accident” amid regulatory capture and coordinated industry efforts to slow development and emphasize responsible oversight.
1 Week Horizon
Shapiro · SPY Shapiro · QQQ Shapiro · DIA Shapiro · UNG
Shannon · Positioning & Vol Shannon · SPY
McCullough · MU McCullough · XLU
Mancini · SPY
Keller · MKSI
Lee · SPY Keller · FTNT Keller · CRWD Keller · AMAT McCullough · Positioning & Vol McCullough · BAC McCullough · USO Roberts · SPY Shannon · QQQ
Hanke · USO McCullough · META McCullough · BTC
Parets · Positioning & Vol McCullough · SLV1 Month Horizon
Shapiro · CPER Dale · GLD Dale · Liquidity Dale · Inflation Dale · Growth Dale · DXY Dale · TLT Dale · BTC Dale · SPY Dale · Positioning & Vol Shannon · NKE Shannon · LMND McCullough · TLT McCullough · SHY McCullough · DXY
Schiff · BTC
El-Erian · Earnings Shannon · DE Keller · Positioning & Vol
Boockvar · GLD
Sonders · Inflation
Timmer · SPY
Bianco · TLT Bianco · Fed Policy1 Year Horizon
Elliott · CPER Schiff · GLD Schiff · SLV Hanke · Inflation Hanke · Fiscal & Treasury McCullough · TWLO
Carlson · Inflation
Bilello · Liquidity Timmer · Inflation Lee · AI DiMartino Booth · XLRE Roberts · Earnings Hanke · CPER Sonders · AI Bianco · Inflation Hanke · Tariffs & Geopolitics Bilello · Housing
Gromen · Inflation Karsan · AI Gromen · Fiscal & Treasury Dale · SPY Dale · AI McCullough · PLTR Roberts · GrowthDaily Catch-Up
Latest Video
Healthcare Strength, Small-Cap Strain | Headge Catch-Up, 21 Sep
The day’s talking heads, market moves, and attributed views in one short catch-up.
Watch On YouTubeMoved Since Yesterday
Parets · Positioning & Vol Nasdaq-100 market breadth is weak despite the equally weighted index sitting only 2.5% below a new all-time high.
McCullough · USO Oil is probing its lower risk range, signaling tactical near-term downside pressure despite no stated price target or catalyst.
Bianco · TLT Long-term Treasury yields might be lower today if the Fed had recognized structurally persistent inflation earlier and begun tightening sooner.
Bianco · Fed Policy The Fed might have raised rates sooner without war-driven supply shocks obscuring persistent inflation and delaying recognition of its structural nature.
Keller · USO WTI crude has pulled back sharply from above $100 and should remain a highly volatile market in the near term.
Keller · GLD Gold has rotated lower after stalling near $4,400 an ounce, with dollar strength reinforcing the near-term technical weakness.
Keller · META $META has broken above key resistance with strong follow-through, and the $680 breakout area should provide support on any pullback.
Dale · SPY The market cycle is likely to end in a secular bear market beginning in 2028, making that outcome the base case absent disconfirming evidence.
Where They Diverge
Words
Headge Model
Open The ModelAfter a move like this, what happened next? Load a scenario or a talking head's view and read what followed across every asset class, in a century of monthly data.
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.
Questions
- What Is Headge?
- Headge is a daily catch-up of talking heads. It turns public YouTube videos and X posts from tracked market analysts into short, attributed, source-backed views on a closed catalog of topics, so a reader can see who said what, on which market, in which direction, and over which horizon, in about fifteen minutes.
- Where Do the Views Come From?
- Every view comes from a public source: a YouTube video or an X post by the analyst. Headge transcribes or reads the source, places each directional claim on one topic with a horizon, and links back to the original post or the exact video moment. If a claim cannot be placed confidently, the outcome is No View, never a guess.
- Is Headge Investment Advice?
- No. Views are machine paraphrases of what an analyst said in public, attributed to that analyst. Headge has no house view, does not say buy or sell, and does not rank or grade analysts. Paraphrases can be wrong, so check the source before acting on anything.
- What Do Mix and Sentiment Mean?
- Mix is a count of unique analysts who are Bull, Neutral, or Bear on a topic, not a consensus. Sentiment is how strongly an analyst stated a claim, shown as Weak, Moderate, or Strong. Both are counts and means of attributed views, never a score Headge assigns to the market.
- How Fresh Are the Views?
- Sources are ingested through the day and each view carries the time it was recorded. A view stays on the board until the analyst restates or changes it, and it is marked stale after five days. The Front, Latest, and topic pages show the latest view per analyst, topic, and horizon.
- Can an AI Agent Read Headge?
- Yes. The same attributed views are available compact and citable at /for-agents, /llms.txt, /api/agents, and over MCP at /mcp, in Markdown for models and JSON for scripts.