FIVE THINGS HITTING MY RADAR RIGHT NOW!
1. Bessent just went full alpha on the bond market — "I am the house now" — then Treasury DOUBLED DOWN buying back $6B in long-dated debt! The market's response? SOLD OFF ANYWAY! 10-year yield RIPPED to 4.86%! That's the bond vigilantes saying "we don't care who you think you are!" This tape is WILD!
2. Housing market is SCREAMING that rates are too high! Mortgage apps DOWN 2.7%, refis CRATERED 6%, 30-year fixed mortgage at 6.85% — highest since JUNE! And get this: ARMs now 8.5% of applications, HIGHEST since June! People are DESPERATE for lower rates and they're taking RISK to get them! This is NOT bullish for housing!
3. COPPER JUST KEEPS RIPPING! LME hit a RECORD $14,858.50 per tonne! Comex at $6.894! We've been ALL OVER this trade — supply constrained, demand EXPLODING from grids, data centers, EVs, electrification! Chart broke through resistance and it's making NEW HIGHS! This is the commodity of the AI/electric future! BOOYAH!
4. Poland is LOADING THE BOAT on gold! Added another 8 tonnes in August after buying 8 in July — now sitting at ~648 tonnes, closing in on their 700-tonne target! Central banks around the world are BUYING PHYSICAL GOLD like there's no tomorrow! This isn't speculation, this is OFFICIAL POLICY! Diversification is REAL!
5. Apple FINALLY enters the foldable game with the iPhone Duo! 5.4-inch closed, 7.6-inch open, A20 Pro chip, vapor cooling, Touch ID is BACK! Starts at $1,999! Apple doesn't rush into categories — they DOMINATE them when they're ready! This tells me foldables are NOW MATURE ENOUGH for the iPhone brand! Watch $AAPL!
Markets are MOVING! React, don't predict! Stay nimble!
1. Bessent just went full alpha on the bond market — "I am the house now" — then Treasury DOUBLED DOWN buying back $6B in long-dated debt! The market's response? SOLD OFF ANYWAY! 10-year yield RIPPED to 4.86%! That's the bond vigilantes saying "we don't care who you think you are!" This tape is WILD!
2. Housing market is SCREAMING that rates are too high! Mortgage apps DOWN 2.7%, refis CRATERED 6%, 30-year fixed mortgage at 6.85% — highest since JUNE! And get this: ARMs now 8.5% of applications, HIGHEST since June! People are DESPERATE for lower rates and they're taking RISK to get them! This is NOT bullish for housing!
3. COPPER JUST KEEPS RIPPING! LME hit a RECORD $14,858.50 per tonne! Comex at $6.894! We've been ALL OVER this trade — supply constrained, demand EXPLODING from grids, data centers, EVs, electrification! Chart broke through resistance and it's making NEW HIGHS! This is the commodity of the AI/electric future! BOOYAH!
4. Poland is LOADING THE BOAT on gold! Added another 8 tonnes in August after buying 8 in July — now sitting at ~648 tonnes, closing in on their 700-tonne target! Central banks around the world are BUYING PHYSICAL GOLD like there's no tomorrow! This isn't speculation, this is OFFICIAL POLICY! Diversification is REAL!
5. Apple FINALLY enters the foldable game with the iPhone Duo! 5.4-inch closed, 7.6-inch open, A20 Pro chip, vapor cooling, Touch ID is BACK! Starts at $1,999! Apple doesn't rush into categories — they DOMINATE them when they're ready! This tells me foldables are NOW MATURE ENOUGH for the iPhone brand! Watch $AAPL!
Markets are MOVING! React, don't predict! Stay nimble!