Global Markets – Weekly Review 15

Markets getting unhinged — “Don’t start the week without it”

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90 updated Charts & Commentary on all major Markets — for your weekend reading.

“Don’t start the week without it”

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New developments:

• Markets are getting “unhinged” — a Special Comment on Stocks, and my playbook for times like these.

• All primary concerns were in play this week:

  • U.S. Stock leaders vulnerable to deleveraging

  • Equity Rotation had the look of a Trap (now confirmed)

  • Volatility spike risk extremely high (in motion)

  • Japan — one of the fastest collapses in decades

  • Commodities and particularly Oil/Energy plunging

• The 2-Year and the Yield Curve continue to develop into the best opportunities in Rates this year — a knowledge of Macro history remains essential here.

  • Updating key targets today.

• Where are we in the Global Stock pullback/correction?

  • A full review of Core Signals — approaching a critical moment.

• Updated key charts on:

  • U.S. Equities, Sectors & Groups

  • Volatility

  • Japan, Europe, China & EM

  • Rates & Credit

  • Currencies

  • Precious Metals

  • Oil & Energy

  • Bitcoin

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SPECIAL COMMENT ON STOCKS

• Markets are beginning to trade “unhinged” — a capitulation point approaches.

• In times like these, I run a SPECIFIC PLAYBOOK which usually gets me close to the turning point — the main goal is to avoid big losses from trying to catch falling knives too early.

• The noise level is extreme right now — so as always, focus on SIGNALS ONLY.

  • If I was doing this to sell subscriptions, I’d be adding to the noise right now (like many are doing) or saying “we called it”. Yes it’s nice to hear from folks this week “good job MC!”, but this usually happens near turning points.

  • Unlike many, I don’t make noise in falling markets — it adds nothing. (Note how many times I tweeted this week.) Have been in this game long enough… all that matters is getting the next idea right.

• What’s the next big idea? For me it’s: “where is the *initial* bottom of this move”.

• So let’s get to it…

• MY PLAYBOOK FOR TIMES LIKE THESE — IN PREPARATION FOR AUGUST: