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.
The US dollar remains dominant in international trade finance, accounting for 82.1% of the total despite de-dollarization concerns.
Steve Hanke 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
The US dollar remains dominant in international trade finance, accounting for 82.1% of the total despite de-dollarization concerns.
Nasdaq volatility relative to S&P volatility is unusually wide, raising the risk of broader market turbulence unless leadership continues rotating beyond technology.
AI remains a structural force, with current market conditions appearing to approach a positive inflection point for the theme.
Bearish
AI capex bubble is highly likely to precede a secular bear market, with the list of supporting reasons growing by the week.
Bitcoin is breaking down below $80K, with $75K the likely next stop and further weakness possible if that level fails today.
US housing prices face downward pressure as 44.2% of homes have price cuts, with Oregon, Colorado, and Washington exceeding 50%.
1 Week Horizon
Kochuba · Positioning & Vol
El-Erian · QQQ Schiff · BTC Hanke · USO
Mancini · SPY
Shannon · SPY Shannon · TLT Shannon · IBB Shannon · SMH Shannon · INTC Shannon · NVDA Shannon · AAPL Shannon · TSLA Shannon · QQQ Shannon · MU Shannon · TXN Shannon · IWM
McCullough · KRUS McCullough · BUG McCullough · EWZ
Keller · META
Steno Larsen · SPY Keller · TSLA Keller · Positioning & Vol Nasdaq volatility relative to S&P volatility is unusually wide, raising the risk of broader market turbulence unless leadership continues rotating beyond technology.
1 Month Horizon
Hanke · USO McCullough · TLT
Snider · USO DiMartino Booth · Housing
Roberts · Inflation Roberts · Growth
Kantrowitz · SPY Hanke · AI
Elliott · TLT Hanke · Tariffs & Geopolitics
Basmajian · Growth Shannon · XLF Shannon · GLD Shannon · BTC
Bianco · TLT Bianco · Fed Policy Dale · Positioning & Vol Dale · Growth
Sonders · Growth Sonders · Inflation DiMartino Booth · AXP El-Erian · Fed Policy El-Erian · Inflation Basmajian · Housing Oil remains a long position as an emergency Strategic Petroleum Reserve release underscores that reserves are already at their lowest level since 1982.
1 Year Horizon
Hanke · DXY Dale · AI Lee · AI El-Erian · AI Steno Larsen · AI DiMartino Booth · AI
Timmer · BTC Timmer · GLD Timmer · DXY Timmer · TLT Bianco · Inflation Bianco · TLT Steno Larsen · MSFT Steno Larsen · AMZN Bianco · Positioning & Vol Bianco · Tariffs & Geopolitics Dale · Fed Policy Dale · Tariffs & Geopolitics Dale · TLT Dale · DXY Timmer · Earnings
Gromen · GLD El-Erian · Tariffs & Geopolitics Roberts · AIDaily 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
Hanke · Tariffs & Geopolitics Canadian farm and forestry tariffs act as taxes on American consumers, including those in Maine, creating pressure for their removal.
Dale · Fed Policy Bank of Japan is likely to deliver fewer than the three rate hikes priced over the next 12 months as dovish board appointments continue.
Keller · META $META is testing its 200-day moving average and could stage at least a countertrend dead-cat bounce from current levels.
Steno Larsen · SPY The S&P could see a face-ripping rally if there is truth to the prospect of ending the Iran war very quickly.
Roberts · Earnings Big Tech free cash flow could stabilize in 2027, recover to approximately $150 billion in 2028, and reach a record $389 billion by 2029.
Roberts · Positioning & Vol Extremely negative breadth is a contrarian indicator, while the equal-weighted index’s historic outperformance points to a near-term market rebound.
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.