April 5, 2026 | CORRECTION: Why WTI DID NOT flip above Brent

EDITOR’S NOTE: (April 5, 2026): In a previous version of this article, we reported that WTI had overtaken Brent in price. We were WRONG and  fell into a classic “front-month roll” trap. We compared the WTI May contract ($112.06) directly to the Brent June contract ($109.24), creating an optical illusion of an inversion. After a quick catch from colleague Victor Adair (Trading […]

April 5, 2026 | A Dreadful ‘What If’ Could Turn the Bear Savage

Did you fade the Dow’s 1100-point rally on Tuesday, or the nearly 500-point follow-through the next day like I told you to? I’d written here a few weeks ago that shorting into strength these days offers the best odds bears have gotten in decades. Stocks had spent four months building an obvious top, and finally, […]

April 5, 2026 | The Energy Tax

As noted a few weeks ago, we get conflicting data that must not be extrapolated. The motto of the US Marines is a good one for all of us for the coming years: improvise, adapt and overcome. I would add, then adapt again. Today let’s look at some of the week’s conflicting data, then end […]

April 4, 2026 | Trading Desk Notes for April 4, 2026

Bear market rally in the S&P? The S&P closed at an 8-month low on Monday (blue ellipse), after closing lower for five consecutive weeks, and then rallied nearly 4% to Thursday’s close, even though Trump threatened to hit Iran very hard over the next 2 – 3 weeks in his Wednesday evening speech. The nearly 300-point […]

April 4, 2026 | 17-Year Cycle: Energy & Equity Opposing Extremes

The 17-Year Cycle Redux? 01-05-26 – 2026 presents a unique opportunity – from a cycle perspective – to provide dual fulfillment to one of the most intriguing and consistent multi-year cycles addressed (continuously) in this publication: The 17-Year Cycle. In late-2024/early-2025, INSIIDE Track detailed expectations – based on that cycle and a myriad of corroborating […]

April 4, 2026 | Tech Talk for Saturday April 4th 2026

The Bottom Line Friday’s U.S. March employment report, released when U.S. equity markets were closed, provided an encouraging surprise for the U.S. economy: Consensus called for a 59,000 increase in March Non-farm Payrolls versus a revised 92,000 drop in February. Actual was a 178,000 increase. Consensus for the March Unemployment Rate was unchanged at 4.4% […]

April 4, 2026 | This Week in Money

• Ross Clark:  Stock Markets, Oil, Gold, Silver, USD, Canadian Dollar, Bitcoin.
• Eric Hadik:  (11:12) Market Cycles, Oil, Natural Gas, Silver, Gold, Currencies.
• Martin Straith: (35:28) Strait of Hormuz, Energy Market, Oil, Natural Gas, Currencies, Decentralized Finance.  Special Offer!

April 3, 2026 | SpaceX Goes Public: Scale, Valuation and The Road Ahead

SpaceX’s confidential IPO filing has jolted markets in a way few listings ever do. The scale, timing, and ambition of the deal signal not just a major capital‑markets event, but a test of how far public investors are willing to stretch for a company that has already outgrown the private sphere. Even with sparse disclosures, […]

April 3, 2026 | China Expands Digital Yuan

China has just taken another decisive step toward the future of money, and once again, the West is pretending this is simply about “payment efficiency.” The People’s Bank of China has now expanded its digital yuan program by adding 12 additional banks, bringing the total number of participating institutions to 22. China launched the digital yuan back […]

April 2, 2026 | Florida Wins, New York Loses: The $20 Billion Migration Shift

The latest IRS data makes one thing clear. The United States is undergoing a massive redistribution of wealth between states, and it is being driven almost entirely by tax policy. California lost $11.9 billion and New York lost $9.9 billion in income in a single year, while Florida gained $20.6 billion. This is not random […]

April 2, 2026 | All Gas, No Brakes

For more than a decade, the hottest asset class on Wall Street was private credit and private equity funds, where assets held by the funds rarely changed hands and ‘estimated’ values were steadily marked higher by the managers. Now, an increasing number of investors are trying to exit but finding they can’t. Cliffwater is one […]

April 2, 2026 | Quick Reactions Needed to Deal With Current Market

Could reverse ETF’s be the way to go?

April 2, 2026 | The Set Up Continues for Bursting of the Bubble of Everything

How to truly measure the value of Gold

April 1, 2026 | California’s $91 Billion Warning

California is now facing the consequences of policies that ignore reality. Between 2019 and 2023, the state lost a staggering $91.4 billion in income as residents relocated elsewhere, with another $11.9 billion leaving in just a single year. This is not a minor shift. This is a structural problem that is accelerating, not stabilizing. What […]

April 1, 2026 | Macro Butler on the Sudden, Potentially Profitable Helium Shortage

We all know that gold, silver, copper and a few other high-profile materials are crucial to the global economy. But there are others of nearly equal importance, some of which are in seriously short supply. A case in point is helium, an industrial gas that’s irreplaceable in sectors ranging from MRI scanners to superconducting magnets. […]

April 1, 2026 | Bouncing into April?

Yesterday marked the best stock market bounce at the end of a quarter since September 2008. Far from an all-clear sign, bounces like that are most common during bear markets (shown below, courtesy of Bespoke). Mean reversion has made some progress in the sell-off to date, but Berkshire Hathaway is not parting with its cash […]

April 1, 2026 | Expect One More Big Rally, Then Market Crash

Even Crypto and Gold will slide hard if market crashes