Let’s start with how I finished the prior note… “To put a finer point on this, I’m not saying a drift over months and months, I’m arguing a seemingly out-of-the-blue move much in line with what happened in crypto and the markets on Oct. 7. happening at any time within the next few weeks or…
For those that want to know what I’m watching to the exclusion of all else as to see what might happen next, below is that chart. It is of the S&P 500™ as of the close on Friday. To wit: It is an updated version of the one I’ve been using for months, it’s self…
Premise: Uncertainty isn’t a flaw in the system. It is the system. Most people treat uncertainty as a temporary condition. Something to be reduced, solved, or eventually eliminated through competence, experience, or authority. The underlying assumption is simple: if you do enough things right, the noise should fade and the path should become clear. It…
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