Since the market is in a very weird place right now, let’s dust off the pairs chart and see what long-term movements they are suggestion.
First we have the NASDAQ Composite versus Silver, which tells the same story as before: bearish equities, bullish precious.
In my last post on Wednesday last week I was looking at how far the current rally on equities might get, and at the prospects that peace negotiations with Iran might deliver something positive.
I was skeptical about the prospects for a negotiated peace, and the talks in Islamabad on Saturday were abandoned after a day, as there was never really anything to talk about. The ten points that the US had accepted as a basis for negotiation were maximalist demands from Iran that would in effect have been a humiliating surrender by the US, and the alternative proposals from the US team on Saturday were maximalist demands that asked in effect for a humiliating surrender by Iran. The talks never had any realistic chance of success or even progress on this basis.
(more…)This is one of those days which doesn’t exactly write itself, content-wise. I’ll therefore just show a couple of hand-scratcher charts whose purpose in life seems to be to just go up every day without fail.
The first is Sandisk (SNDK), the #1 performer (by far) of Q1 2026 which is continuing to create lifetime highs every single day, in spite of absolutely no earnings at all. It’ll keep going up until it doesn’t, and this is the kind of stock I would never short………..ever.
It’s widely agreed that the world’s best-known crime family has stolen BILLIONS of dollars from their nitwit followers, particularly by way of crypto. The catastrophes have been legion – – but the latest scandal revolves around the hilariously-named World Liberty Financial, whose chart bears a striking resemblance to just about every other thing he has smeared with his reputation:
