Things Are About To Get Crazy... (Again)

Animal Spirits are rising — ready?

A SPECIAL ANNOUNCEMENT

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And we’re celebrating SIX MONTHS on Substack — stay tuned for a BIG update coming later this week…

Onwards and upwards, -MC

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MARKETS IN MOTION

Over the last month, and culminating in “GO INTO THE LIGHT”, I’ve highlighted the BEST and WORST opportunities in my scans.

Increasingly, we’re seeing daily confirmation that something SIGNIFICANT is happening…

SEMICONDUCTORS

• My LEAST favorite area remains dead flat and continues to lose absolute AND relative Momentum — early stages of what could be an extended, multi-month underperformance period. Still, no one seems ready for this.

• The evidence continues to show exhaustion on multiple fronts, and consensus remains stubbornly Bullish — a mix that is subject to potential big disappointments…

• We’ll see what the upcoming earnings season brings. As ASML showed earlier this month, the cost of disappointment is becoming enormous for these Stocks. Investors will not look kindly on weakness at this stage.

• What investors don’t realize is: weakness MAY ALREADY BE HERE…

• As discussed in recent reports, the vast majority of CORE Semiconductor Stocks have all but “checked out” of the Bull Market. Investors are holding on to increasingly broken names, with many already showing negative Trend Momentum, on the cusp of completing Major Tops.

• Ultimately, until there’s MAJOR improvement in the data, I continue to wait for a better Buy opportunity in this whole group. Yes, even in “the Stock who shall not be named”.

• In short, everything presented in “GO INTO THE LIGHT” remains valid…

• And don’t forget our view is still considered fully anti-consensus — even though the evidence increasingly supports it.

BITCOIN

• My Top contender for the next 6-12 months is up nearly +20% since we began flagging its acceleration potential a few weeks ago.

• Today, we have a major breakout with Momentum confirming on all time frames. The potential for a multi-month “escape velocity” move hasn’t been this strong in YEARS.

• As a Trend investor / trader, I’ve seen thousands of moves like this — and once again it seems nobody’s ready for it, or *more importantly* its implications.

• To me, this boils down to one thing:

• The tide of sentiment is rising — and IF this continues, things could get “crazy” again.

Our goal as Investors — as always — is not to discuss what the world SHOULD look like, only to focus on what IS happening.

So — it’s time to think of the implications, and more importantly build a framework for what may be ahead: