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 $SPY masks broad equity weakness as elevated Treasury yields pressure rate-sensitive sectors, small caps, and equal-weight stocks beneath headline index highs.
Lance Roberts BEARISH
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
$PEP is attractive at two-year lows, with a potential share purchase if it takes out Friday’s high on Monday despite earnings due October 8.
US growth was running at a 5% rate in July and August, with September PMI signaling an even stronger acceleration.
The S&P 500 is close to a substantial breakout, with another sharp selloff framed as a potential entry opportunity rather than a bearish reversal.
NDX 0DTE activity reached 85.1% yesterday, marking the fourth-highest reading ever and the largest share of trading since January 2026.
$TMO has broken above resistance with strong follow-through and improving relative strength, signaling health-care leadership despite a weak broader market.
Bearish
The $SPY masks broad equity weakness as elevated Treasury yields pressure rate-sensitive sectors, small caps, and equal-weight stocks beneath headline index highs.
Long-term Treasury yields look positioned to stretch toward the June 2007 high of 5.316%, where extreme negative sentiment could mark a short-term turning point.
Inflation data should decline over the next six months as PCE methodology changes, tariff effects fade, and oil, housing, and other inputs stop adding pressure.
1 Week Horizon
Shannon · TLT Shannon · QQQ Shannon · MAGS Shannon · BTC Shannon · MSFT Shannon · SPY Reznicek · PEP Bianco · TLT Bianco · Fed Policy Mancini · SPY Kochuba · Positioning & Vol Keller · TMO
El-Erian · TLT Keller · TLT Keller · SPY
Schiff · TLT Kochuba · TSLA
Newton · QQQ
Sonders · Positioning & Vol
McCullough · BBY Roberts · Positioning & Vol McCullough · TLT McCullough · BTC McCullough · USO Long-term Treasury yields look positioned to stretch toward the June 2007 high of 5.316%, where extreme negative sentiment could mark a short-term turning point.
The Nasdaq should continue toward a new all-time high as long as its most recent swing-trade higher low remains intact.
$MAGS continues to perform well after a strong week, reinforcing constructive near-term leadership among the largest technology stocks in the market.
1 Month Horizon
Roberts · SPY Roberts · XLU Roberts · IWM Shannon · XLF Shannon · IBB Shannon · TLT Shannon · SMH Shannon · IWM Bianco · Growth Bianco · Inflation Sonders · SPY Kochuba · SPCX
Elliott · Inflation McCullough · MSFT
Dale · Positioning & Vol El-Erian · TLT Sonders · LABOR Sonders · Inflation Sonders · Housing Roberts · Earnings Lee · META
Hanke · Inflation
Wang · Fiscal & Treasury
Bittel · USO The $SPY masks broad equity weakness as elevated Treasury yields pressure rate-sensitive sectors, small caps, and equal-weight stocks beneath headline index highs.
1 Year Horizon
Lee · Inflation Bianco · Fiscal & Treasury Roberts · TLT Schiff · TLT
Boockvar · AI Hanke · Growth
Brandt · Housing Dale · Earnings Dale · AI Dale · SPY Dale · Liquidity Dale · TLT Dale · Fed Policy Dale · BTC Dale · GLD
Timmer · BTC Timmer · TLT
Gromen · AI Roberts · AI Bittel · AI Bittel · XLK Bittel · BTC Schiff · GLD Schiff · Inflation Inflation data should decline over the next six months as PCE methodology changes, tariff effects fade, and oil, housing, and other inputs stop adding pressure.
Daily 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
Roberts · Earnings Earnings estimates remain highly optimistic with no signs of softening, continuing to underpin US equities through the current market environment.
McCullough · TLT Treasury bond $TLT shorts signaled an immediate-term trade oversold condition yesterday, supporting a near-term bounce in long-duration Treasury prices.
McCullough · USO Brent crude is correcting 1.4% after a prior partial-sale signal, reinforcing a near-term bearish trading stance for oil.
Keller · Positioning & Vol Market breadth remains increasingly negative, signaling risk-off conditions and a limited equity opportunity set despite stable major indexes.
Keller · GLD $GLD looks vulnerable after breaking below its 50-day moving average, with a drop below 388 to 390 signaling a negative breakdown.
DiMartino Booth · Fed Policy The Fed faces pressure for further rate hikes, with markets pricing three subsequent increases as the two-year Treasury trades near 4.73%.
Dale · SPY The structural drivers of the Paradigm C bull market remain intact, favoring investors who look through near-term political and geopolitical volatility.
Sonders · Positioning & Vol AAII bullish sentiment rebounded in the week ending September 23, but bearish sentiment remains quite elevated despite the latest improvement.
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.