RADIO SHOW NOTES

Charts of the declining dollar and rising yields tells a lot. Trust waning.

Major indices remain in a defined downtrend with some areas squashed,.

Price for indices have now entered into the pause day indicating this is not just tariffs any more. Trust.

As we have always said, bear phases can go much farther than anyone will believe. So far, in percent, garden variety but still very painful. One does not want to see more than garden variety.

They got most of everything that was holding up in the defensive area today. No fun.

Powell doing the prez a favor…and the prez doesnt know it. Lowering fed funds could just spike 10 year yield even higher.